From Breakingviews: Tesla's cost discipline is good news for investors - but Elon Musk has disappointed optimists plenty of times before
A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song
General and sales costs both fell, while there were no restructuring costs at all, compared with $117 million in the second quarter. Throw in an all-round improvement at the troubled SolarCity franchise, and Tesla had some $450 million extra to play with. Musk has been promising to cut outlays for some time, so it’s encouraging to see it kick in at last.
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