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Tesla cut costs so seriously that he even drew a small piece of paper.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)05/25 Report--

Many high-tech companies at home and abroad focus on the welfare of their employees in three aspects: food, housing and transportation. For example, the domestic leader Huawei has a wide variety of staff canteen dishes that have become a good story in the industry. For Internet or high-tech companies, it is agreed that Cheng Chong will start through humanistic care and employee welfare, one hopes to attract talent through these benefits, and the second can boost morale and improve work efficiency through these means.

Recently, Tesla, a leader in the automobile industry, reported that some employees may need to bring their own paper in order to cut costs. As early as the beginning of this year, Tesla President Elon Musk said in an internal email this month that if core cost-cutting measures were not taken, the company would run out of cash in about 10 months. At the same time, it also said that although Tesla just raised $2.7 billion earlier, cost-cutting measures are still necessary. Musk and Tesla's new CFO Zach Kirkhorn will personally review staff expenses, including the purchase of spare parts, payroll, travel, rent, and "every expense in our bank account".

At present, some employees can not get the paper distributed by the company, but can only carry and use it on their own to help Tesla reduce his financial expenses. And Tesla's unsold new car Tesla will entrust an outsourcing company to clean it. Now employees are required to drive the vehicle home for cleaning.

Even though Tesla still had $2.2 billion in cash reserves at the end of last quarter, Musk said that at their rate of burning money, the optimism would not last that long. It was not the first time Elon Musk called for spending cuts to Tesla. When model3 production reached 1000 vehicles, Musk turned his attention to cost and called on every Tesla employee to contribute.

In the stage of fierce competition in new energy vehicles, Musk's measures to cut expenditure and open source are actually understandable. After all, Tesla does not have a giant like Volkswagen or Toyota with his own consortium or financial partners. In the future, Tesla wants to continue to dominate in the field of pure electric vehicles will meet more challenges, maybe this time is the cost, the next time will be unknown.

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