Musk: Tesla stock will be crushed if we don’t control costs

Tesla CEO Elon Musk warned employees in an email that if they don’t start controlling costs, their stock will plunge. Shares of Tesla stock fell by about 4% after the email was reported.Q3 2020 hedge fund letters, conferences and moreTesla CEO calls for cost control to support stockCNBC and Electrek obtained the email in question. Musk said investors are giving the company “a lot of credit for future profitability, but if at any point, they conclude that’s not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer.”The Tesla CEO advised employees to focus o…

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