Elon Musk admits Tesla will have to turn a profit one day

Elon Musk admits Tesla will have to turn a profit one day

6 years ago
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https://www.cnbc.com/2018/06/12/elon-musk-admits-tesla-will-have-to-turn-a-profit-one-day.html

Tesla CEO Elon Musk told employees on Tuesday the company will cut about 9 percent of its workforce, but he also said the car maker will need to be profitable to reach its goals.

"Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously not what motivates us," Musk wrote in the company email. "What drives us is our mission to accelerate the world's transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. That is a valid and fair criticism of Tesla's history to date."

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