Tesla Close to Achieving Profitability: Elon Musk

San Francisco: Amid a slew of controversies surrounding Tesla CEO Elon Musk, there comes some good news for the electric-car company’s investors and staff as the tech billionaire has now said that the company is close to achieving profitability. In emails to Tesla staff, Musk said that if the staff could pull through the pressure on Sunday, the company could be close to achieving an “epic victory” on production goals, CNBC reported. The message from the Tesla boss could bring some cheer to the workers as the last few weeks had been quite tumultuous for Musk who had on Saturday agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the US stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges. (IANS)