Tesla Motors Inc. Chief Executive Elon Musk has threatened to fire overseas managers over dismal sales in China, Reuters reported Tuesday, citing sources who have seen an internal memo about the matter. Tesla sold about 120 cars in China in January, one of the sources told Reuters, well below the company's target in that country. In an internal e-mail to managers in late January, Musk threatened to fire or demote country managers if they are "not on a clear path to positive long-term cash flow," according to sources who have seen the email, Reuters said. Tesla is scheduled to report fourth-quarter earnings on Wednesday. Tesla shares rose 0.3% in after-hours, after ending the regular session down 0.6%. The electric-car maker needs to have delivered more than 11,000 cars in the quarter to reach its goal of delivering 33,000 in 2014.
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