Originally Posted by boston
Even if he gets kicked further out of the boardroom, his presence will loom large over everything they do.
Tesla so desperately needs to reign in out of control spending. Get the basics right.
Much of their spending has been R&D... bringing the Model S, then X, then 3 to market, while introducing 12,000-ish superchargers, building a factory to produce the batteries, designing the Model Y, Tesla Truck, all while introducing a world wide infrastructure takes $$$$.
I think the worst of the spending is behind them. I’d be surprised if they hit profitability paydirt in q3, but expect their eek out a modest profit. Q4 should be strong for them (profit and sales)... there are lots of other areas they need to tighten up - and they’re making inroads there; but the media does love them some negative stories (that’s what creates the clicks I guess).... so tesla lays off a bunch of thei Model 3 ramp up specialists (they’re not needed any
more) or they get rid of unproductive employees, and the media portrays as the sky is falling... in some regards, I do feel sorry for them, as it can be a no win situation... in othe regards, Elon brings on much of his own pain.