The leaked communications come amid a tough week for Tesla that has seen the company's stock price sink as low as $US191, its lowest price since 2016, as analysts cut estimates and price targets. He pointed to a an email Musk sent to employees last week, telling them he would increase cost-cutting, and that the $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter.
Tesla did not immediately respond to Markets Insider's request for comment. Shares are now down 27% over the past month.
A Tesla Model 3 sedan, its first vehicle aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016.
On Thursday, an email believed to be sent to all Tesla employees by Musk on May 22 appeared on message boards, and breathed some life into Tesla's shares that had been battered for several consecutive days after a growing number of investment banks and analysts outlined "bear-case" scenarios for the EV maker.
"More recently, since the breakdown of US-China trade talks on May 5th, the case for Tesla missing their numbers has been strengthened".Читайте также: SONIC THE HEDGEHOG Delayed 4 Months After Teething Debacle
Have a story to share? That means Tesla's second quarter deliveries could top the record-setting 90,700 cars the company sold during the fourth quarter of a year ago.
The man who was responsible for tweeting the viral sheep meme that caught Elon Musk's attention and prompted the Tesla CEO to briefly change his Twitter profile picture to the photo now has a new job with the auto company.
Musk is battling to convince investors that demand remains high for the Model 3, the sedan targeted to propel Tesla to sustainable profit, and that it can be delivered efficiently and swiftly to customers around the world. "Almost all parts of the Model 3 production system have exceeded 1000 units on multiple days (congratulations!) and we've averaged about 900/day this week, so we're only about 10% away from 7000/week".
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