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Elon Musk warns Tesla staff that its stock could 'get crushed like a soufflé under a sledgehammer' if the company isn't careful about spending

1 month ago   |   By

SpaceX owner and Tesla CEO Elon Musk poses after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020.
REUTERS/Hannibal Hanschke
Elon Musk warned Tesla staff Tuesday that the company's high-flying could crash if profits don't continue to grow.
He said shares could fall like a soufflé under a sledgehammer.
Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year.
Shares of Tesla have risen more than 579% this year.
Visit Business Insider's homepage for more stories .
Elon Musk has a...
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Elon Musk Is Open To Merging Tesla With A Rival

Elon Musk Is Open To Merging Tesla With A Rival

1 month ago   |   By

Tesla is worth over $500 billion and Elon Musk is currently the second richest person on Earth. The company seems on a meteoric rise with no end in sight. But perhaps a merger could be in the automaker's future.
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