Breakingviews - Elon Musk cuts his way to easier path

(Reuters Breakingviews) - Elon Musk is finally giving Tesla shareholders some go...

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo

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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