Tesla is preparing another tough spending cuts. It is stated in the letter that CEO Elon Musk sent to all employees of Tesla, reports hightech.plus.
According to the newspaper, Musk in conjunction with the new financial Director Zack Kirkhorn personally analyze all spending in an attempt to offset huge losses last quarter.
According to the Mask, which is quoted by Electrek, analyzed every transaction of the company, including expenses for parts, wages, travel and rent. Attention is paid to even the smallest items of expenditure. In addition, Kirkhorn will now personally inspect and sign each page of the report outgoing payments, while the Mask – every tenth.
The head of Tesla noted that such a radical approach is the only way to achieve financial stability and much-desired break-even. He urged all employees of the company within a few weeks to take responsibility for reducing costs.