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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
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.
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