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Elon Musk calls on workers to help automaker break even in 2nd quarter

Tesla Inc CEO Elon Musk in an internal email called on workers to work hard to allow the electric automaker to break even in the second quarter regardless of the coronavirus pandemic.

The rallying cry has become a familiar theme in recent quarters at the automaker, with Musk calling on workers to quickly build and deliver vehicles at the end of the quarter to fulfill specific targets.

“Breaking even is looking super tight. Really makes a difference for every car you build and deliver. Please go all out to ensure victory!” Musk wrote in the Monday email observed by multiple sources.

Tesla shares increased 5.2% to close at $1,009.35 on the Nasdaq on Monday.

The automaker is expected to report second-quarter delivery figures this week.

Analysts on average expect the company to deliver approximately 74,000 vehicles in the months from April to June, Refinitiv data noted.

Most of the United States was under some form of lockdown orders during that time, which has resulted in a decline in auto sales.

Tesla in April surprised investors and observers when it said production and delivery of its new sport utility vehicle, Model Y, was way ahead of schedule despite the coronavirus outbreak. The automaker delivered 88,400 vehicles in the first quarter.

Production at Tesla’s only U.S. vehicle factory located in California was shut down for over six weeks from the end of March to early May because of local lockdown orders aimed at decreasing the spread of the coronavirus. The automaker went through a legal battle with the officials in order to reopen the factory.

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