The head of the American car company Tesla, a famous engineer Elon Musk will personally check all of the corporate expenses of the employees of the company. With him will be doing her new CFO Zach, Kirkhorn, reports .
Musk explained that such measures are necessary in order to save the company’s budget, which is necessary for a short time to become break-even, not to go bankrupt.
“It’s a lot of money, but in fact it gives us about 10 months to reach breakeven at a speed of spending in the first quarter. It is very hard, but it’s the only way for Tesla to achieve financial stability and succeed in becoming a sustainable world”, – said the businessman.
The head of Tesla said that the company managed to attract 2.7 million dollars. However, due to regular losses investors questioned the ability of the company to make a profit, putting her in front of tough financing conditions.
Musk and Kirkhorn intend to follow all corporate expenses, including travel expenses, salaries, rent, and every payment from the Bank account.
It is worth noting that in the first quarter of 2019 Tesla suffered a loss of $ 702 million dollars, and last year the company’s staff was twice hit by a reduction.