Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

Elon Musk has discovered a saboteur.

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Interestingly, Tesla back in 2016 posted its own video which details what its Autopilot system at the time "saw" on the open road. Those included making code changes to the Tesla manufacturing OS and exporting volumes of secret data to yet unknown third parties.

A Tesla spokesperson said the company had no comment on the matter.

"The full extent of his actions are not yet clear, but what he has admitted to so far is pretty bad", Musk wrote.

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Musk sent Tesla staff an email on Friday night congratulating them on the progress they have made with vehicle production, but added "radical improvements" are necessary to meet the company's quarterly target. However, the Tesla CEO also suggested the alleged saboteur could have been working with short sellers, oil and gas companies-whom he described as "sometimes not super nice"-or "the multitude of big gas/diesel vehicle company competitors". The news provided some relief as the bears continue to beat on Tesla as it blows through billions in cash and has suffered a series of production setbacks, doubting Musk's remarks that the firm will not need to raise additional funds to sustain operations. He named Wall Street short-sellers, oil and gas companies and other automakers.

Last week, Musk announced that nine percent of the company's workforce was being laid off, without specifying an exact number.

Musk said in the email that while the fire could have been a random event, "Please be on the alert for anything that's not in the best interests of our company".

Tesla has faced plenty of criticism about its ongoing troubles in ramping up Model 3 production.

It will be interesting to see if this leak has any actual effect on the company as it pushes towards its goal of 5,000 Model 3's per week by the end of the quarter. All parts of the Model 3 production system are now above 500 and some are nearly at 700 cars already.

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