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.

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

Feb 28, 2019, 11:27pm UTC
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.