Elon Musk tells Tesla employees in leaked email that the company needs to catch up on car deliveries before the end of the quarter

. The company cannot count a car as sold until a customer has received their vehicle.

Shares of Tesla rose out of the red following Bloomberg reports of Musk's email. The stock is currently trading near $189, up about 0.2% in trading Wednesday.Here's the full text of Musk's email from Wednesday:While our demand is strong, we have a lot of vehicles to catch up to in order to have a successful quarter.

Starting tomorrow, I will be holding skip-level calls with the America, Asia and Europe delivery teams every 2 days to understand what's needed to accelerate our rate of deliveries. We also need to address the total cost of getting a car form our factory to the customer. Last quarter, there were many expedites fees and routing inefficiencies that led to higher than expected delivery costs. This makes it much harder for Tesla ro break even,

Per my earlier email, if we execute well, Q2 will be an all-time record for Tesla vehicle deliveries and an awesome victory!!

g_rapier neverforget

Is this the guy from all the memes?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Tesla is Not a Car Company and What You Can Learn From Elon MuskWhen I was in business school, I learned that most companies were often not in the “business” they appeared to be. It is indeed comfortable to categorize a company’s business by its industry: transportation, financial services, manufacturing...etc. Tesla is not a car company, it's a software company which also produces hardware for their own manufactured electric cars. Yeas, Tesla is not only a car company. Does the majority of its revenues come from selling cars? Then it’s a car company. SMH 🤦🏾‍♂️
Source: Forbes - 🏆 394. / 53 Read more »