The company confirmed the contents of the email, which was first reported on by the Wall Street Journal. After a hard first year of Model 3 production, Tesla is running out of investor patience (and, more importantly, money), and Musk is gambling that the company will be cash-flow positive by the end of the year thanks to an increased Model 3 production rate.
Tesla's shares fell by 5% afterwards.
Facing increasing problems that have raised concerns about both Tesla's technology and manufacturing operations, CEO Elon Musk has ordered a shake-up of the company's management structure. The vehicle burst into flames and was attended to by Bellinzona firefighters, who say the blaze may have been caused by the Tesla battery.
Executive turmoil at Tesla continues apace: Now the electric automaker's engineering head is "taking some time off" from the company, Reuters reports.Doug Field, a senior vice president, . He added that he would reduce the number of third-party contracting companies engaged by Tesla, equating them with "barnacles" needing to be scrubbed off.
Tesla is still dealing with the fallout from a Model X crash earlier this year that claimed the life of the driver.
The company faces a number of other issues, from increased scepticism over its finances to safety probes by regulators.
Storm clouds have gathered over Tesla ever since the Model 3 went into production.
Newest crash also linked to Tesla's Autopilot system.
Tesla has another hit, literally!
"This is false", Musk wrote. "Eyetracking rejected for being ineffective, not for cost", Musk tweeted.
"There's only so many hours in the day and Musk has said that he's sleeping in the office and that he's doing everything that he can but there's only so much that one person can do", said Cole. He said Tesla's record of a fatality every 320 million miles compared with last year's national average of 86 million miles, per safety regulators.
Currently, Tesla has around 500,000 preorders for its more affordable model 3, its first mass-market electric vehicle.
Tesla has been dominating the news cycle as of late - and for all the wrong reasons.
On Friday a Tesla Model S crashed into the back of a firetruck in South Jordan, Utah.
Meanwhile, Tesla is being investigated by the transport safety authorities for a crash, during which, the driver said, the Autopilot feature was on.
The National Transportation Safety Board's (NTSB) spokesperson Keith Holloway said it has not opened up an investigation into the crash, but might yet do so.
While consumers nationwide have reason to be on edge when it comes to the fast-growing self-driving auto industry, Tesla's Autopilot feature has been a hot button issue for some time now, despite the company touting it as "the future of driving".