'Hardcore' review of every Tesla expense

From:: Elon Musk
Date:: May 16, 2019
To:: All Tesla employees

Excerpt. Only this much of the email has been made public.

examine every expenditure at Tesla, no matter how small [...] This is a lot of money, but actually only gives us about 10 months at the Q1 burn rate to achieve breakeven! [...] This is hardcore, but it is the only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable

About this email

After raising $2.7 billion, Musk tells staff the money gives Tesla only about 10 months at the Q1 burn rate, and that he and CFO Zach Kirkhorn will personally review and sign off on every expenditure, including parts, salary, travel and rent.

Notes

The full email was reported by Reuters, CNBC and Electrek; only the quoted passages below could be retrieved verbatim in this session. A fuller text exists and should be added.

Where it came from

Leaked to press; attribution widely reported.

Tesla, company-wide memo. Tags: cost-cutting, cash, zach-kirkhorn

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