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Tesla further reduces its costs



To extend the benefits of the latest capital increase, Elon Musk wants to better control the costs. The boss warned his employees of their intentions.

Employees are informed: a new cost reduction plan will be implemented on Tesla

Of course, the electric vehicle manufacturer raised $ 2.7 billion at the beginning of the month. Chief Executive Officer and founder Elon Musk even doubled his personal contribution to raise funds (25 million). Nonetheless, Musk points out that this new liquidity levy does not period of 10 months to achieve a balance if nothing is done to reduce costs.

© Reuters

"Therefore, in the future, any costs in the world, including spare parts, salaries, travel costs, rent, literally any payment that comes out of our bank account, must be consideredexplains the boss in an email. In addition to a thorough check, however, no specific measure is available.

Work strategy

Tesla is currently floating in troubled waters. The brand raises a lot market interrogations its production capacity and sales in order to be long-term beneficiaries. Investors also deny a strategy of constant change.

In Tesla, however, it is all tempting to calm down, like putting a cheaper version of model 3 in China. In the United States, Tesla has also adapted its car prices and started a leasing service.


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