Your daily selection of the hottest trending tech news!
According to TESLARATI.com (This article and its images were originally posted on TESLARATI.com September 30, 2018 at 04:18PM.)
As the third quarter trickles down to its final hours, Tesla remains fully determined to power forward and end Q3 on a strong note, delivering as many vehicles as it can to reservation holders. While the delivery figures for the quarter would most likely be impressive, questions remain if Tesla can achieve its other, more ambitious goal this Q3 — profitability. If one of Musk’s recent emails to employees are any indication, it appears that the electric car maker is closing in on this goal as well.
This weekend proved to be eventful for Elon Musk and Tesla. Even before Saturday began, Musk took to Twitter to express his gratitude to the Tesla community for supporting the company, particularly owners who are serving as volunteers on delivery centers. Musk also posted a “Don’t Panic” reminder on his Twitter page, almost seemingly teasing that the threat of the Securities and Exchange Commission’s lawsuit would disappear soon. Sure enough, on Saturday, the SEC announced that Elon Musk had agreed to a settlement.
Just hours after his settlement with the SEC was announced, Elon Musk reportedly sent an email to Tesla’s employees stating that the company is incredibly close to hitting profitability. In his email, a copy of which was obtained by Bloomberg
, Musk noted that if Tesla “goes all out” on Sunday, there is a good chance that the company could achieve an “epic victory.”
To see more posts like these; please subscribe to our newsletter. By entering a valid email, you’ll receive top trending reports delivered to your inbox.
Donations are appreciated and go directly to supporting ESIST.Tech. Thank you in advance for helping us to continue to be a part of your online entertainment!