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Tesla boss warns employees: "Our shares can be crushed like a soufflé by a sledgehammer"

2020-12-03T13:06:56.687Z

Tesla CEO Elon Musk, the company's success is getting scary. Now the multi-entrepreneur has spoken to his own employees' conscience.



Tesla CEO Elon Musk, the company's success is getting scary.

Now the multi-entrepreneur has spoken to his own employees' conscience.

Munich -

Tesla

* boss

Elon Musk

has urgently warned the employees of the Californian electric car pioneer of decreasing cost discipline.

“In times like these, when our stock keeps making new highs, it seems like spending care isn't that important.

That is definitely not true, "wrote Musk in an email to the

Tesla

employees, which is available on the US website

Elektrek

.

With a margin of one percent, Tesla's profitability was recently "very low".

Investors would trust in significantly increasing profits in the future, wrote Musk in his circular.

Should the shareholders at some point come to the conclusion that "this does not happen, our shares will be crushed like a soufflé under a sledgehammer!"

Tesla: Car maker with strong development

Tesla

had reported losses for years and was now close to bankruptcy.

In the past five quarters, however, the automaker has been profitable.

The group owes this primarily to the sale of CO2 certificates.

It was only in the third quarter that

Tesla made

a significant operational step forward.



The bottom line was that the Californians earned $ 331 million from July to September, almost twice as much as the previous year.

In terms of deliveries, too, there was an unexpectedly strong * increase of 43 percent to 139,000 vehicles, as the company announced on Friday.

Analysts 

 , however, had only expected

Tesla

to have 129,500 cars for July through September.

Tesla: Market value of the electric car pioneer puts German carmakers in the shade

The development recently caused euphoria on the stock market.

Since the beginning of the year alone, the

Tesla share

* has risen a good 520 percent.

With a market value of almost 440 billion euros,

Tesla is

now worth almost 2.5 times as much as the German car

manufacturers BMW

*,

Daimler

and

Volkswagen

* combined.



The course rally also made Elon Musk a super rich man.

With an estimated fortune of around 128 billion dollars, the multi-entrepreneur has just

overtaken

Microsoft

founder

Bill Gates

and is now the second richest person in the world behind

Amazon

boss

Jeff Bezos

.

* Merkur.de is part of the Ippen Digital editorial network.

Source: merkur

All news articles on 2020-12-03

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