Published: Thu, June 21, 2018
Global Media | By Garry Long

Musk says Tesla hit by ‘extensive and damaging sabotage’ by employee

Musk says Tesla hit by ‘extensive and damaging sabotage’ by employee

Musk wrote that the company would be investigating the matter this week, adding that Tesla needed to determine if the person was acting alone or in concert with "any outside organizations". If they're willing to cheat so much about emissions, maybe they're willing to cheat in other ways? Last week, Tesla announced a broad restructuring, slashing at least 9% of its workforce.

"Could just be a random event...., but only the paranoid survive".

Tesla has been beset by manufacturing problems, including the use of cutting-edge robotics that ended up slowing production rather than speeding it up. In an annual shareholders meeting earlier this month, Musk stated that it was "quite likely" that Tesla would hit their Model 3 production rate of 5,000 cars a week "by the end of this month". The company's forecasts for generating profit and cash in the third and fourth quarters of this year are based on this objective, and falling short would reignite concerns about whether the company may need to raise more capital. 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.

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Within the last few years, the men's basketball team of India defeated China successively in both 2014 as well as 2016. He now currently plays in the NBA developmental League for the Texas Legends.

Tesla makes its vehicles at a factory in Fremont, Calif. "There were no injuries or significant equipment damage, and production is back online".

Tesla's harsh new approach to pushing company productivity has seemingly improved the confidence of investors, with stock trending higher following the shareholders meeting and even a 4.5 percent increase in stock price following the layoff of nearly ten percent of the company's workforce.

Tesla is now ramping up production to make its previously stated goal of 5,000 Model 3s per week by the end of June. In a tweet Sunday, Musk warned that those betting against the company "have about three weeks before their short position explodes". In the lawsuit, Tesla said the email was part of an oil-industry effort to undermine the company's push for energy-efficient transportation alternatives.

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