Elon Musk tells Tesla employees the company is 'very close to achieving profitability' after agreeing to pay SEC $20 million (TSLA)
- Elon Musk told staff that Tesla is "very close to achieving profitability" in a company-wide email on Sunday.
- In August Musk told investors that the company would be profitable in the third quarter. Tesla has had only two profitable quarters in its history.
- Musk just agreed to pay the SEC $20 million after it filed a suit against him for making "false and misleading" statements that impacted Tesla's stock price.
In an email, Elon Musk told Tesla employees on Sunday they have "one more day of going super hardcore" to close the quarter and the company is "very close to achieving profitability and proving the naysayers wrong."
Musk assured investors that Tesla would turn a profit in the third quarter in a conference call in August. The company has never turned an annual profit, and has had only two profitable quarters in its history.
Here's the full email:
Sent: Sunday, September 30, 2018 1:08:45 AM
To: Everybody
Subject: One more day of going super hardcore and victory is ours!!
If we go all out tomorrow, we will achieve an epic victory beyond all expectations.
Go Tesla!!!
Thanks for all your hard work,
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