GXY 0.00% $5.28 galaxy resources limited

New Lithium Related Article, page-1492

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    The EV maker has gone from strength to strength despite criticism from naysayers, predictions that the company would go bankrupt and a settlement with the SEC after comments about taking Tesla private caused stocks to plummet.

    Musk welcomes GM to EV race, but also might buy its factories

    From losing up to $US100 million a week, the carmaker has met and exceeded targets of 5,000 Model 3s a week resulting in a turnaround last quarter that saw it achieve its first profits ever.

    One major key to its success was building a huge tent in its car park, to house a whole extra assembly line that allowed it to increase production by 50 per cent.

    But ultimately, it is Musk’s fierce determination that drives Tesla’s success – to achieve those goals the CEO more or less moved into the factory to troubleshoot bottlenecks and encourage his staff to work harder.

    https://thedriven.io/2018/12/10/mus...-its-factories/amp/?__twitter_impression=true
 
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