Investing.com — Tesla founder Elon Musk told employees of the electric car manufacturer that they need to focus on making a profit. Otherwise, the businessman noted, the company's shares could collapse. He wrote about this in a letter to Tesla employees, which was reviewed by CNBC.
In order to inspire confidence and meet the requirements of investors, it is necessary to control costs, the entrepreneur emphasized. Record high value of Tesla quotes, which traded above $ 580 before the market closed on Tuesday, December 1, — no reason to spend money.
«If you pay attention to our actual profitability, it is quite low — about 1% over the past year. Investors hope for our profit in the future, and if they decide that we cannot get it, the quotes will fall immediately — like a soufflé from being hit with a sledgehammer», — Musk stressed.
The billionaire also encouraged employees to follow wisdom «kopeck the ruble protects». «We try to spend money as quickly as possible without wasting it.», — he indicated in the letter.
Now Tesla shares are actively growing, and in November the company's value increased by $ 100 billion.December 21, Tesla quotes will be included in the S index&P 500. The company will be the most expensive inclusion in the history of the index — its weight will exceed 1% of the total S&P 500.
The text was prepared by Yana Shebalina
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