Musk to review all of Tesla's expenses in new cost cutting plan
1–10 of 248 posts
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#2Seems reasonable, until reviewing every single expense starts slowing down the procurement process and results in inevitable delays and charges.
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#3>On Jan. 30, Musk told investors he thought Tesla would continue making money after finally turning its first back-to-back profits during the third and fourth quarters of last year, fulfilling his previous forecast that Tesla would become “sustainably profitable” from the third quarter of 2018 onward.
Followed by a massive quarterly loss of $700MM and the pronouncement that the company has less than 10 months of cash after raising money (which we were also told would never be needed again). Can someone explain how that happens?
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#4Seems reasonable, until reviewing every single expense starts slowing down the procurement process and results in inevitable delays and charges.
>Seems reasonable
You think it's reasonable that the CEO of 3? 4? Multi-billion dollar companies is personally signing off on company expenses? It's unfathomable to me.
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#5> On Jan. 30, Musk told investors he thought Tesla would continue making money after finally turning its first back-to-back profits during the third and fourth quarters of last year, fulfilling his previous forecast that Tesla would become “sustainably profitable” from the third quarter of 2018 onward. Followed by a massive quarterly loss of $700MM and the pronouncement that the company has less than 10 months of cas…
It’s because I didn’t buy a Model 3, as I wasn’t offered a $35k version along with the $7500 federal rebate as I was planning on. Suspect a few tens of thousands of others made the same decision. Congress needs to pass the $7000 electric car tax credit or Tesla has a long bumpy road ahead.
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#6Seems reasonable, until reviewing every single expense starts slowing down the procurement process and results in inevitable delays and charges.
> Seems reasonable You think it's reasonable that the CEO of 3? 4? Multi-billion dollar companies is personally signing off on company expenses? It's unfathomable to me.
Some expenses. Seems like it’s a special one-time push. And Elon specializes in doing the unfathomable.
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#7Seems reasonable, until reviewing every single expense starts slowing down the procurement process and results in inevitable delays and charges.
> Seems reasonable You think it's reasonable that the CEO of 3? 4? Multi-billion dollar companies is personally signing off on company expenses? It's unfathomable to me.
Charlie Ergen has always done this with every expense over $10,000. He personally signs each check
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#8Seems reasonable, until reviewing every single expense starts slowing down the procurement process and results in inevitable delays and charges.
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Re: Musk to review all of Tesla's expenses in new cost cutting plan
#9> On Jan. 30, Musk told investors he thought Tesla would continue making money after finally turning its first back-to-back profits during the third and fourth quarters of last year, fulfilling his previous forecast that Tesla would become “sustainably profitable” from the third quarter of 2018 onward. Followed by a massive quarterly loss of $700MM and the pronouncement that the company has less than 10 months of cas…
It’s because I didn’t buy a Model 3, as I wasn’t offered a $35k version along with the $7500 federal rebate as I was planning on. Suspect a few tens of thousands of others made the same decision. Congress needs to pass the $7000 electric car tax credit or Tesla has a long bumpy road ahead.
You just have to call in to get the 35k version
Re: Musk to review all of Tesla's expenses in new cost cutting plan
#10Earlier quoted context omitted.
It’s because I didn’t buy a Model 3, as I wasn’t offered a $35k version along with the $7500 federal rebate as I was planning on. Suspect a few tens of thousands of others made the same decision. Congress needs to pass the $7000 electric car tax credit or Tesla has a long bumpy road ahead.
You just have to call in to get the 35k version
Sure... I was planning on buying the $27,500 (after rebate) version. As the rebates have expired, that theoretically priced Model 3 no longer exists. At $27,500 it was an amazing deal - better than an Accord or Camry.