All Tesla expenses above $1 mn must be approved by me: Musk

Talking about Tesla generating profits, CEO Elon Musk has said, "All capital or other expenditures above a million dollars...should be considered on hold until explicitly approved by me." Now that Tesla has reached economies of scale, it'll be more rigorous about expenditures, he added. He also asked the finance team to cut "everything that doesn't have a strong value justification."