Elon Musk is Set to Review Tesla's Spendings, as The Cost Cutting Plans Are Implemented - Tech news daily

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Thursday, 16 May 2019

Elon Musk is Set to Review Tesla's Spendings, as The Cost Cutting Plans Are Implemented

Musk in an email to employees, seen by Reuters, said its net proceeds from the offering gave Tesla only 10 months to achieve breakeven at the rate it was burning cash in the first quarter.

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