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Elon Musk Urges Employees to Curb Costs; Shares Climb

May 28, 2023
in Trade Tube
Reading Time: 1 min read
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Tesla Motors shares were up Tuesday after Elon Musk, the CEO of the electric-car manufacturer, said he is urging employees to cut costs. Musk is said to be pushing employees to produce more and spend less in order to deliver ‘every car we possibly can,’ according to Bloomberg. The CEO added in a message to employees that the company will be in a ‘far better position to convince potential investors to bet on us’ if Tesla is able to achieve profitability.

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