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Tesla's Email Warning About Press Leaks

Amidst several stories about Tesla breaking into the news, the tech company has reportedly sent an email to employees warning them about the confidentiality agreements that they signed and the measures that the company will take if any employee were to be caught leaking to the press.

For Tesla, the leaks overshadow some of its recent contributions to the electric vehicle space, including the progress made on automated manufacturing and the solar roof at its Sparks, Nevada battery plant and Musk’s promise during a recent investor call that Tesla will be a driverless car company worth $500 billion in the near future.
The leaks also come at a bad time for Musk and Tesla. The company is currently looking to raise cash. Reports indicate that Tesla seeks to raise $650 million in equity and $1.35 billion in convertible bonds. Corporate filings indicate that the company intends to use the cash as a sort of buffer, in case demand weakens or we enter a recession.

You may check out a copy of the email on The Next Web.

(Image credit: JD Lasica/Flickr)

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