Shares of Tesla fell more than 6% in trading Tuesday morning after CEO Elon Musk said an employee conducted "extensive and damaging sabotage" against the company. "If they're willing to cheat so much about emissions, maybe they're willing to cheat in other ways?"
In a tweetstorm that could at times be mistaken for the work of a troll who had hijacked his account, Tesla CEO Elon Musk unleashed a stream of criticism at his detractors, mostly in the media, amid.
The company last week disclosed a corporate restructuring aimed at cutting 9 per cent of its workforce while sparing Model 3 production employees.
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Musk's email comes as Tesla races to ramp up production of its critical Model 3 sedan to 5,000 cars a week.
Separately, an analysis by engineers at Tesla's German competitors found that it costs Tesla $28,000 to build each Model 3, split between $18,000 in parts and $10,000 in labor, according to a report in Quartz.
Musk can not afford for Tesla to fail.
As of this month, Tesla has raised its output to 3,500 cars, with hopes of that number rising to 5,000 by the end of June.
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A Tesla spokeswoman confirmed the authenticity of the Monday email, which CNBC reported first.
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". But in a separate email to staff, sent just after 9:30 a.m. on June 18, Musk branded the event "another odd incident that was hard to explain" and advised all staff to "be on the alert for anything not in the best interests" of the company.
Tesla is no stranger to concerns of sabotage. In a tweet on Sunday, Musk warned that those betting against the company "have about three weeks before their short position explodes".
That's according to an internal email sent from Musk, which was sent following an internal investigation into a recent fire at the paint shop at Tesla's Fremont, California factory. "Then there are the oil & gas companies, the wealthiest industry in the world - they don't love the idea of Tesla advancing the progress of solar power & electric cars", Musk said.
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Now it's the tournament and we have to focus on the tournament. John Obi Mikel was representing Nigeria's colours well ohh.