• 315 days Will The ECB Continue To Hike Rates?
  • 315 days Forbes: Aramco Remains Largest Company In The Middle East
  • 317 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 716 days Could Crypto Overtake Traditional Investment?
  • 721 days Americans Still Quitting Jobs At Record Pace
  • 723 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 726 days Is The Dollar Too Strong?
  • 727 days Big Tech Disappoints Investors on Earnings Calls
  • 727 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 729 days China Is Quietly Trying To Distance Itself From Russia
  • 729 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 733 days Crypto Investors Won Big In 2021
  • 734 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 734 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 737 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 737 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 740 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 741 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 741 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 743 days Are NFTs About To Take Over Gaming?
  1. Home
  2. News
  3. Breaking News

Treachery At Tesla: Rogue Worker Steals Secret Data

Musk

An employee of Tesla has sabotaged the company’s operations by changing code in an internal product and sharing company data with third parties, chief executive Elon Musk wrote in an email to all employees, CNBC reports, quoting parts of the email.

Although the company declined to comment on the email officially, several employees confirmed they had received it and shared its full text with the news outlet.

In it, Musk says the employee had admitted to sabotaging Tesla, but the total extent of his actions is yet to be determined through an internal investigation. Musk said the employee had explained his actions with the fact he had been passed up for a promotion.

Further on in the email, Musk tells Tesla employees that “there are a long list of organizations that want Tesla to die,” going on to mention short-sellers, the oil and gas industry, and auto industry competitors. The email ends with an urge to employees to be vigilant as the company proceeds with ramping up Model 3 production to 5,000 cars weekly, as “This is when outside forces have the strongest motivation to stop us.”

There are bound to be skeptics that will treat the news as evidence that Tesla’s CEO is getting desperate in his search for reasons why the company is still behind its stated production goals. But the email, in fact, makes no mention of anything production-related. Related: Google Takes Aim At Amazon And Alibaba

The Model 3 ramp-up is now priority number-one for Tesla, as thousands of pre-ordered cars have yet to be delivered and investors are increasingly worried that Tesla may not be able to stay on course and that it may fall short of production targets again.

The deadline for 5,000 Model 3s per week is end-June, and this weekend Musk unveiled a new production line built for that. This is Tesla’s third production line in Freemont, and it was built in just three weeks as the deadline for the ramp-up approaches. However, it’s not the affordable version of the Model 3 that this line is making. It’s the dual-motor version that Musk announced last month, which has a price tag of US$78,000.

By Irina Slav for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment