Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
All Tesla expenses above $1 mn must be approved by me: Musk
short by Aditi Verma / on Wednesday, 18 April, 2018
Talking about Tesla generating profits, CEO Elon Musk has said, "All capital or other expenditures above a million dollars...should be considered on hold until explicitly approved by me." Now that Tesla has reached economies of scale, it'll be more rigorous about expenditures, he added. He also asked the finance team to cut "everything that doesn't have a strong value justification."
read more at Recode