Musk Tells Tesla Employees Breaking Even in 2Q Will Be Tight

Musk Tells Tesla Employees Breaking Even in 2Q Will Be Tight

"Really makes a difference for every vehicle you build and deliver".

The electric auto and solar panel company is cranking out the new Model Y smaller SUV as it tries to break even or make money. "Please go all out to ensure victory!"

Tesla (NASDAQ:TSLA) is expected to report its Q2 vehicle output and delivery figures this week, while a profit would be a major surprise for Wall Street, which is now estimating a quarterly loss of $1.45 per share. Tesla shares rose 5.2% to close at $1,009.35 on the Nasdaq on Monday.

Tesla is expected to announce its second-quarter delivery numbers this week, with industry analysts predicting everything from a 25 per cent decline year-on-year, to a record-breaking increase despite factory closures and delays.

The rallying cry has become a familiar theme in recent quarters at Tesla, with Musk calling on employees to quickly build and deliver vehicles at the end of the quarter to achieve specific targets.

So, Amazon has acquired the California headquartered Zoox to counter Tesla. Obviously this is a strategical move by Amazon, who largely requires vehicles for delivery and transport, now owning a company like Zoox will help them make their delivery autonomous as we know Amazon is trying hard to use AI and IoT to makes things easier and profitable to the company at the end of the day. In a decade, share values have multiplied in value by 50.

Even though Musk also heads up SpaceX - which just made history by becoming the first privately held U.S. company to launch NASA astronauts into space - it is his performance as Tesla chief that has formed Barron's opinion that Musk should be considered one of the top CEOs of 2020. Tesla had about 48,000 workers at the end of previous year.

The lawsuit goes on to say that the very inappropriate compensation began in 2017, and in 2018, two Tesla board members not working for the automaker received stock grants worth more than $ 8.7 million that year alone.



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