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Musk to workers: Perform for profit, prove 'naysayers wrong'

Tesla founder Elon Musk is telling his employees to work hard on the last day of the quarter to prove "the naysayers wrong."

Reported by: AP Published on: October 02, 2018 12:15 IST
Musk to workers: Perform for profit, prove 'naysayers wrong'
Image Source : AP Musk to workers: Perform for profit, prove 'naysayers wrong'

TOKYO (AP) — Tesla founder Elon Musk is telling his employees to work hard on the last day of the quarter to prove "the naysayers wrong."

In a Sept. 30 email, filed with the U.S. Securities and Exchange Commission on Monday, Musk says the electric car maker is nearing profitability.

The commission had filed a lawsuit, saying Musk's tweet about taking the company private constituted securities fraud because Musk knew he hadn't lined up the money for the deal.

Musk reached a settlement with the regulators, announced Saturday. He is staying on as CEO.

Musk's email says: "We are very close to achieving profitability and proving the naysayers wrong, but, to be certain, we must execute really well tomorrow (Sunday)."

It says the company will achieve "an epic victory beyond all expectations."

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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