Home » Business » “10 months and we will run out of money”, Elon Musk’s shocking statement

“10 months and we will run out of money”, Elon Musk’s shocking statement

Tesla in trouble, the announcement comes directly from Elon Musk which shows that the company has large losses, a problem not just.

Elon Musk Tesla difficulties – Motori.News

Elon Musk there is a problem with his company, and his words are very strong about it. Tesla in difficulty is one of the things we never would have thought, given the genius of the US car manufacturer. But now the reality is very different, ed Elon stated that I enter 10 months you will run out of moneyif they don’t apply changes on the business management. Let’s see what’s going on in Tesla houseand the consequences it risks.

The problems that plague Tesla

The Tesla he must change his way of seeing things, since the expenses I am very high and they will have to be analyzed. Electreck has published an e-mail received from house workerswhich says the company will have a review of its expenses. Musk and its CFO Zah Kirkhron will pass voice by voice i costsand then come to a conclusion favorable for budgets. Obviously, the costs to personnelwhich have already been affected.

Tesla plant USA
Tesla plant in the United States of America – Motori.news

Il 2019 had been theTesla’s bad yearregistering in the first quarter a cash on hand of $ 2 billion. Musk already there he had started making cuts, trying to however, to increase revenues. L’year ended at a lossbut the pandemic seemed to favorrise of the electric and his sales. Il 2020 in fact he scored a have a good year for the US companyit’s a pity that the i trouble.

Who will pay the consequences most

Who will suffer the consequences more will once again be the personalwhich, as in the 2019it will come decreased. Il 10% of the workforce will be laid offa figure equal to 10 thousand employees. It goes without saying that yes they will block hiring around the worldwith a damage not a littleconsidering that Musk had a agreement with States where are your companies. L’agreement provides that to do build his own factory in that Statehe must hire local people ed to help so the unemployment.

Tesla China shop
Hong Kong tesla dealership in China – Motori.news

Tesla in 2021 census reports that in his factories in China, Germania e United States of America they work well on it 99,290 workers. The production it actually stands going welland it is not very affected by the shortage of semiconductorscoming fromUkraine. Il real problem Comes from Wall Streetwhere is the title is at a lossalmost of 5%. Musk will now have to apply his whole geniusbut not on new electric carswill have to apply it for to save its business from losses.

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