But in an email to employees, Musk acknowledged that Tesla’s actual profit margin was very low, about 1%, and that the share price was due to investors’ expectations of future profits rather than recent results.
“At any moment, if they decide it’s not going to happen, our stock will be immediately crushed like a safflower under a sledgehammer!” He wrote in an email that it was first announced
Electrek. Tesla did not respond to a request for comment on the email.
Email was primarily focused on the importance of finding small cost savings in the car building process.
“It’s a tough game penny – part cost when increasing quality and capabilities, thousands of good ideas needed to improve a factory process or design,” Musk wrote. “One great idea is to save $ 5, but most are 50 coins or 20 coins here.”
While Tesla is at the forefront of electric cars, all the best automakers are pushing for greater electric vehicles.
General Motors (G.M.) Has announced plans to switch
Nothing but electric vehicles, And expects 40% of the cars it sells to be electric within five years. Part of the incentive could be electric vehicles
Cheap to build This is because they have fewer moving parts than petrol-powered vehicles.
In separate comments on Tuesday, Musk reiterated an earlier statement that Tesla was a stock price. “
very high. “
“I even said the stock is too high, I’ll tell you what to do,” he said in an interview with Axel Sprinker, CEO of technology and media company Axel Springer, when he rolled his eyes. Musk replied that it was five times more than Tesla
Volkswagen (VLKAF), The world’s largest automaker in terms of sales.
Dupfner asked if Musk was considering using Tesla’s high share price to buy the established automaker, and although Musk said he did not want to do so, he would not dismiss it.
“We’re definitely not going to start a hostile trend,” he said. “Hey, if someone said it would be a good idea to merge with Tesla, we would definitely have that conversation.”
Musk
Full interview With Dupfner released on YouTube.
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