Elon Musk Asks Tesla Employees To Help Save Money CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News Elon Musk Asks Tesla Employees To Help Save Money
Elon Musk Asks Tesla Employees To Help Save Money
Nov. 29, 2021 7:10 PM ET by Michael Butler Electric Vehicles / 11 Comments It's the cost-cutting season. The global pandemic has caused major issues for car manufacturers across the board. From logistical backlogs and parts shortages to low economic growth figures affecting sales, and not to mention the ongoing chip shortage. One of the hardest-hit companies has been Tesla, which is struggling to meet delivery deadlines on popular models such as the Model S and Model X. Tesla's market dominance is also being tested by Chinese newcomers, while CEO Elon Musk faces major recalls at home. To help keep Tesla in the black, Musk has urged workers to reduce the cost of vehicle deliveries by any means necessary. This comes at the end of the final quarter, a period when deliveries are usually ramped up. Tesla Tesla Tesla Tesla In a company-wide email obtained by CNBC, the eccentric CEO asked employees to look for ways to reduce delivery costs. This comes at a time when the company usually rushes orders to hit sales targets. Tesla has been frequently increasing the price of its vehicles in the last few months, which clearly hasn't covered enough costs. Tesla's failure to deliver cars on time has left many of its customers having to spend significant amounts of money on ride-hailing apps and car rentals, with some even having to apply for vehicle loans. Despite major setbacks this year, Tesla has already managed to deliver 627,350 vehicles. That's up from the 500,000 delivered in 2020. The company did not set any clear delivery target for 2021, but still clings on to its 50 percent annual growth in deliveries. Tesla Tesla Tesla Tesla In the email, Musk highlights the fact that deliveries drop off after an end-of-quarter rush and that the company should forget that the notion of "end of quarter" exists at all: "In effect, looked at over a six month period, we won't have delivered any extra cars but we will have spent a lot of money and burned ourselves out to accelerate deliveries in the last two weeks of each quarter," he said. Tesla is not alone in its troubles; fellow American EV manufacturer Rivian has also been struggling with supply issues, and the automotive industry as a whole is playing catch up. Tesla Tesla Tesla Tesla Source Credits: CNBC Join The Discussion
Show Comments (11) Gallery
12 Photos Tags: #Tesla News #Electric Vehicles #Industry News Related Cars
Tesla Model S Tesla Model X Michael Butler Associate Editor After four blurry years in advertising school, and a harrowing career in the advertising industry, by the will of the car gods, and his passion for anything with more than four cylinders, he landed at CarBuzz where he covers breaking automotive news, writes the occasional review, and plays a very average game of Counter-Strike. In his personal time, Mike loves to waste money on project cars that only run once or twice a year, break his ankles at hardcore shows, and get dumb tattoos that make his mother cry. Contact Michael LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top