Wednesday, 12 December, 2018

Elon Musk Calls for 'Radical Improvements' at Tesla to Hit Quarterly Targets

Kimbal Musk GettyKimbal Musk the younger brother of Elon sits on the board of Tesla
Kenny Thornton | 19 June, 2018, 12:27

It looks like Tesla Chief Executive Elon Musk may need to add some extra security to go along with the carmarker's efforts to ramp up production of its new Model 3 auto. And while we're still a ways away from a Tesla driving itself from LA to NY with zero driver interaction - something Elon Musk promised would go down in 2017 - there's no denying that Tesla's Autopilot feature, when used as intended, can truly help reduce the incidence of accidents and deaths on the road.

"I was dismayed to learn this weekend about a Tesla employee who had conducted quite extensive and damaging sabotage to our operations", wrote Musk, who's under an enormous amount of pressure to ramp up production of the Tesla Model 3 sedan. The news provided some relief as the bears continue to beat on Tesla as it blows through billions in cash and has suffered a series of production setbacks, doubting Musk's remarks that the firm will not need to raise additional funds to sustain operations.

Tesla CEO Elon Musk warned employees against an alleged industrial saboteur that made off with sensitive Tesla data.

On Monday, Musk sent out another email to the company about yet another factory fire-the fifth by our count-alluding to the possibility of sabotage.

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"Could just be a random event, but as Andy Grove said, 'Only the paranoid survive, '" Musk wrote, quoting the former CEO of Intel. It's racing to meet a target to build 5 000 Model 3s a week by the end of this month, a goal Musk told shareholders on June 5 that the company was "quite likely" to achieve.

The accusations of sabotage come a week after Musk announced layoffs for 9 per cent of the company's workforce.

Tesla said in an email that on Sunday night there had been a "smoldering in an air filter in the welding area of the body line".

Tesla is no stranger to concerns about sabotage. Tesla, in particular, is already in hot water for the problematic Model 3 productions. Contributions of 200 words or more will be considered for publication.

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