Published: Wed, June 20, 2018
Money | By Arnold Ball

Elon Musk accuses rogue Tesla employee of 'extensive and damaging' sabotage

Elon Musk accuses rogue Tesla employee of 'extensive and damaging' sabotage

"We need to figure out if he was acting alone or with others at Tesla and if he was working with any outside organizations".

Tesla is still investigating the full extent of his actions, however, the email made it clear that what the company did know about the employee's actions thus far made them "pretty bad".

Tesla stock received a price target increase two weeks ago by a Wall Street analyst who believes gross margins for the automaker's Model 3 will improve as it scales to higher production, thus helping it achieve profitability.

Musk goes on to add that Model 3 production is ramping to 5,000 vehicles per week, and that employees will have to be "extremely vigilant" in looking out for any nefarious activity.

To speed up auto production, Musk said Tesla is now testing an unconventional alternative, raising a giant tent structure on the Fremont grounds and building a new factory line inside from warehouse scrap.

In an internal email sent to employees on Sunday, Musk was sacked up about what he called "extensive and damaging sabotage" that was carried out by a Tesla employee. While he says this could be a random event, Musk quotes former Intel CEO Andy Grove's "Only the paranoid survive" warning. "In light of these actions, not promoting him was definitely the right move".

United Kingdom police investigating cause of "minor explosion" at underground station in London
A police spokesman said: 'Southgate Tube station is now closed whilst officers respond to a suspicious package. A Twitter user with the handle @nakzokulah posted: "I was at Southgate Station when this commotion started".

The news comes on the heels of another Musk tweet that congratulated employees for building the first all-wheel-drive Performance version of the Model 3. More than 3,000 workers lost their jobs, and notices filed with the state of California revealed that over 500 employees in Fremont and Palo Alto were dismissed. That sure is a lot of negative news for one company, but Musk seemingly has a partial explanation: sabotage.

Earlier on Monday, Musk sent a separate email to employees informing them of a "small fire" on Sunday at a company facility.

He wrote: "Most of the time, when there is theft of goods, leaking of confidential information, dereliction of duty or outright sabotage, the reason really is something simple like wanting to get back at someone within the company or at the company as a whole".

Tesla announced plans last week to lay off 9 percent of its workforce as part of a reorganization, but Musk did not indicate that this particular employee was included in those cuts.

The tweet was in response to a question that referenced short sellers being concerned about Tesla's recent manufacturing expansion.

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