How Elon Musk Cuts Costs at Tesla, SpaceX and X

Published On Nov 16, 2024, 12:00 AM

The article discusses Elon Musk's aggressive cost-cutting strategies implemented across his companies, including Twitter (now X), Tesla, and SpaceX. Musk's approach involves meticulously reviewing expenses and aiming to cut costs dramatically, often at the expense of corporate norms and sometimes product safety. He is known for preferring to make deeper cuts initially, with the expectation that any resulting issues can be addressed later. This ruthless style has garnered mixed reactions, with some viewing him as overly frugal and others applauding his straightforwardness in business operations.

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Elon Musk's cost-cutting measures could positively impact profitability in the long term, but could also create risks if product safety or company culture suffers. Given Musk's history of driving innovation and efficiency, Tesla (TSLA) may benefit from this focus, though market reactions could be volatile depending on quarterly performance metrics.

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