Elon Musk got emotional at Tesla’s shareholder meeting and had something for everyone

Elon Musk got emotional at Tesla’s shareholder meeting and had something for everyone

6 years ago
Anonymous $qrGo_Xv_Cm

https://qz.com/1296677/elon-musk-got-emotional-at-teslas-shareholder-meeting-and-had-something-for-everyone/

Few doubts were on display at Tesla’s annual shareholder meeting on Tuesday (June 5). The gathering of Tesla fans and shareholders capped several rough months for the company as it struggled to meet production numbers, and Wall Street expectations.

CEO Elon Musk took the moment to double down on his vow that Tesla will achieve profitability later this year, declaring he was “expecting positive GAAP net income and positive cash flow in Q3 and Q4.” Tesla was not planning to raise any “incremental debt or equity” financing, he stated.