Tesla boss Elon Musk sends a strong warning to Staff “ Our stocks will immediately get crushed”

Tesla stock has gone up way too much in the past years and Elon Musk is here to warn Tesla Employees that the stock may get crushed.

Our stock will immediately get crushed like a souffle under a sledgehammer if we don’t control cost. Musk said in a letter where he warned everyone about many things that could go wrong for the company. He also said that the company needs to be smarter with how it spends money. 

While this was a warning message to Tesla staff, it’s important for Tesla stock owners to pay attention to Tesla’s Valuation as it continues to sour higher while the cost is also growing higher daily.

“Investors are giving us a lot of credit for future profitability but if at any point, they conclude that’s not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!” Musk wrote in the email to everyone that works for Tesla. 

Read Elon Musk's letter to Tesla Employee below. 

From: Elon Musk

To: Everybody

Subj. Costs are extremely important!

Date: Dec. 1, 2020 [time redacted]

At a time like this, when our stock is reaching new heights, it may seem as though spending carefully is not as important. This is definitely not true!

When looking at our actual profitability, it is very low around 1% for the past year. Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that’s not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!

Much more important, in order to make our cars affordable, we have to get smarter about how we spend money. This is a tough Game of Pennies, requiring thousands of good ideas to improve part cost, a factory process, or simplify the design while increasing quality and capabilities. A great idea would be one that saves $5, but the vast majority are $0.50 here or $0.20 there.

In order to make the electric revolution happen, we must make electric cars, stationary batteries and solar affordable to all.

Thanks and great working with you as always,

Elon