Elon Musk's Newest Cost-Cutting Measure To Avoid Twitter's "Bankruptcy"

Elon Musk’s Newest Cost-Cutting Measure To Avoid Twitter’s “Bankruptcy”

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Elon Musk‘s Newest CostCutting Measure To Avoid Twitter‘sBankruptcy

Elon Musk’s Newest Cost-Cutting Measure To Avoid Twitter’s “Bankruptcy” Is To Stop Selling Cars

“We don’t make very much money selling cars,” said Musk. “I’m thinking maybe we should stop doing that.”

These words may seem shocking coming from the CEO of a car company, but they make a lot of sense when you think about it. After all, Tesla (TSLA) has never been profitable, and it has been burning through cash at an alarming rate.

Musk has been trying to cut costs in order to turn a profit, and one of the easiest ways to do that is to stop selling cars.

This would be a drastic move, but it’s one that Musk is seriously considering. He has even gone so far as to ask his employees for their opinion on the matter.

The news of this potential move comes at a time when Tesla is under immense pressure to show that it can be profitable. The company is facing a cash crunch, and its bonds are trading at junk levels.

Musk has said that he is confident that Tesla will be profitable in the second half of this year, but many investors are skeptical. If Tesla does not turn a profit soon, it could be forced to raise more money, which would be dilutive to shareholders.

Musk’s idea to stop selling cars is a radical one, but it may be the only way to avoid bankruptcy.

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