Elon Musk says Tesla will run out of cash in 10 months without 'hard core cost-cutting' changes
R Sinduja
News Editor
Image Credit: shortpedia
Elon Musk told Tesla employees that the company would run out of money in about 10 months unless hardcore cost-cutting efforts are made, despite the fact that Tesla just raised $2.7 billion earlier this month. But the company lost $702 million & hence Tesla was going to have to be on a spartan diet. Musk said it's the only way for Tesla to become financially sustainable. Tesla's car prices were in a constant state of flux.
