Business
Elon Musk sends share price warning to Tesla staff in email – Sydney Morning Herald
Tesla chief Elon Musk has urged staff to stay focused on lowering costs, warning in an internal email the company’s rallying shares could get “crushed” if investors…
The carmaker’s stock has skyrocketed almost 600 per cent this year in part on expectations ahead of its elevation to the blue chip S&P 500 Index on December 21 and the automaker posted a fifth consecutive quarter of profit in October.
Musk and chief financial officer Zachary Kirkhorn have been focused on cost reductions for several quarters even as Tesla spends billions on new factories in Austin, Texas, and Berlin to expand its global production and sales footprint.
“At a time like this, when our…
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