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Elon Musk says in leaked email that Tesla may break even during Q2

  • Tesla may avoid a loss during the second quarter, CEO Elon Musk told employees in an email on Monday.
  • “Breaking even is looking super tight,” he said. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”
  • While Tesla made a surprise profit in the first quarter of this year, analysts are predicting the electric-car maker will lose money in the second quarter, according to Marketwatch.
  • Are you a current or former Tesla employee? Do you have an opinion about what it’s like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or via his encrypted email address [email protected]
  • Visit Business Insider’s homepage for more stories.

Tesla may avoid losing money during the second quarter, CEO Elon Musk said in an email to employees on Monday. 

“Breaking even is looking super tight,” he said. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”

Electrek’s Fred Lambert first reported on the email, and Business Insider viewed a photo of the message.

Tesla did not immediately respond to Business Insider’s request for comment.

While Tesla posted a surprise profit in the first quarter of this year, its US car factory stopped production for two months because of a local shelter-in-place order associated with the COVID-19 pandemic. Analysts are predicting the electric-car maker will lose money in the second quarter, according to Marketwatch.

Though Tesla started making its Model Y SUV in January almost a year ahead of schedule, Musk referenced manufacturing and supply-chain issues for the vehicle earlier this month.

“We are doing reasonably well with S, X, and 3, but there are production and supply chain ramp challenges with Model Y, as is always the case for new products,” Musk said in a separate internal email, referring to Tesla’s other models.

Are you a current or former Tesla employee? Do you have an opinion about what it’s like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or via his encrypted email address [email protected]

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