Tesla may avoid losing money during the second quarter, CEO Elon Musk said in an email to employees on Monday.
“Breaking even is looking super tight,” he said. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”
While Tesla posted a surprise profit in the first quarter of this year, its US car factory stopped production for two months because of a local shelter-in-place order associated with the COVID-19 pandemic. Analysts are predicting the electric-car maker will lose money in the second quarter.
Though Tesla started making its Model Y SUV in January almost a year ahead of schedule, Musk referenced manufacturing and supply-chain issues for the vehicle earlier this month.
“We are doing reasonably well with S, X, and 3, but there are production and supply chain ramp challenges with Model Y, as is always for new products,” Musk said in a separate internal email, referring to Tesla’s other models.