Elon Musk makes dire Tesla warning in cost cutting hunt [Updated]

Tesla’s Elon Musk has made an ominous prediction about the automaker’s financial outlook, with a leaked memo from within the firm giving it less than a year to achieve breakeven at its current spending rate. Tesla announced losses of $700m in the last quarter, though the automaker did end the three month period with $2.2 billion in cash. Consistently producing … Continue reading