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Tesla to be profitable in third quarter, fourth quarter - Musk tweets

Reuters 

By Sonam Rai(Reuters) - Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. Tesla has already sought this month to play down Wall Street speculation that it would need to return to capital markets this year to raise more funds as it ramps up production of the Model 3 sedan seen as crucial to its long-term profitability. The car maker, which has consistently fallen short of promised targets on ...

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First Published: Fri, April 13 2018. 19:26 IST
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