Tesla shares drop after Elon Musk says he does not expect to turn a profit in the first quarter

Tesla shares drop after Elon Musk says he does not expect to turn a profit in the first quarter

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/28/elon-musk-tesla-not-profitable-in-q1.html

Tesla CEO Elon Musk does not expect the electric car maker to turn a profit in the first quarter, he said on Thursday.

He based his expectations on one-time charges and other financial commitments, and added that he does expect the company to be profitable in the second quarter.