Tesla probing the 'extensive' sabotage of the company by rogue employee

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Chief Executive Officer Elon Musk is claiming that a saboteur within the company has hacked its code, shared company secrets with outside parties and may be behind a small factory fire.

"I was dismayed to learn this weekend about a Tesla employee who had conducted quite extensive and damaging sabotage to our operations, "Musk said in an email obtained by CNBC".

Apparently the employee in question has already admitted to some of these actions, but the full extent of what he did is still to be determined. "In light of these actions, not promoting him was definitely the right move".

Despite a dip on Tuesday, Tesla stock has climbed for seven consecutive days and more than US$19 billion has been added to the automaker's market capitalisation in the past month, in part due to the confidence Musk has expressed in achieving the Model 3 production target.

He said those organisations included oil and gas companies, Wall Street short-sellers and car-making rivals, but he did not name any.

In a tweetstorm that could at times be mistaken for the work of a troll who had hijacked his account, Tesla CEO Elon Musk unleashed a stream of criticism at his detractors, mostly in the media, amid.

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An investigation will take place looking at, amongst other things, the passing of sensitive data to competitors, an issue that has blighted the automotive vehicle sector for a while, and probably serving as a reminder of how big the stakes are.

For now, Musk asks employees to, "Please be extremely vigilant, particularly over the next few weeks as we ramp up the production rate to 5k/week".

The Model 3 ramp-up is now priority number-one for Tesla, as thousands of pre-ordered cars have yet to be delivered and investors are increasingly anxious that Tesla may not be able to stay on course and that it may fall short of production targets again. "Occasionally, it is much more serious".

Tesla responded by saying the Model 3 fire was an "extraordinarily unusual occurrence" and is reported to be investigating.

Tesla is dismissing more than 3,000 workers from its California headquarters and beyond, according to a report from Bloomberg.

The company last week disclosed a corporate restructuring aimed at cutting 9 per cent of its workforce while sparing Model 3 production employees.

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