Volkswagen CEO attacks Tesla for firing hundreds of people while burning through cash (TSLA) [The Business Insider]
Tesla, Inc. (TSLA)
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Source: The Business Insider
Volkswagen CEO attacks Tesla for firing hundreds of people while burning through cash Get the latest Tesla stock price here. Justin Sullivan/Getty Images Volkswagen CEO Matthias Müller attacked Tesla for burning through cash at an unprecedented rate and firing its workforce. Muller made his comments while sitting on a panel about the future of the automotive industry. The comments were first reported by the Daily Kanban , which we spotted through Ars Technica . "If I am correctly informed, Tesla each quarter destroys millions of dollars in the three digits, and it willy-nilly fires its workers," Muller said, as translated from German by the Daily Kanban. "Social responsibility? Please." Tesla has only turned a profit twice in its company history. Earlier this month, Tesla fired hundreds of workers as it struggles to ramp up production for the Model 3. The company only manufactured 260 vehicles in September when it had targeted 1,500 cars. The mass firing followed September cuts
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website