Tesla big cheese Elon Musk warns staffers to tighten their belts in bid to cut expenses (again)

Tesla big cheese Elon Musk warns staffers to tighten their belts in bid to cut expenses (again)

This post was originally published on another site.Plus: Battery software updated following vehicle fires CEO Elon Musk is to embark on a comprehensive expenses review at Tesla, according to Reuters. The ‘leccy car maker recently completed a $2.7bn fundraising round to increase production. But at the rate it is spending money, that gives it less than a year to balance the books. In an email seen by the newswire, Musk warned staff: “That is why, going forward, all expenses of any kind anywhere in the word [sic], including parts, salary, travel expenses, rent, literally every payment that leaves our bank...

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Tesla big cheese Elon Musk warns staffers to tighten their belts in bid to cut expenses (again)

Tesla big cheese Elon Musk warns staffers to tighten their belts in bid to cut expenses (again)

This post was originally published on another site.Plus: Battery software updated following vehicle fires CEO Elon Musk is to embark on a comprehensive expenses review at Tesla, according to Reuters. The ‘leccy car maker recently completed a $2.7bn fundraising round to increase production. But at the rate it is spending money, that gives it less than a year to balance the books. In an email seen by the newswire, Musk warned staff: “That is why, going forward, all expenses of any kind anywhere in the word [sic], including parts, salary, travel expenses, rent, literally every payment that leaves our bank...

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