Manufacturing

Musk: After Q4 profit, Tesla to be in the black every quarter in ‘19

(REUTERS)
January 30, 2019 09:59 PM

One week after he indicated the “road ahead is very difficult” for Tesla, CEO Elon Musk seemed to place the electric-car maker on firmer footing.
 
Tesla said Wednesday it enjoyed its second consecutive profitable quarter during the final three months of 2018, and Musk said he anticipated the company would turn a profit in every quarter this year.
 
That would be a remarkable run of stability for the company, which posted a $139.5 million net profit in the fourth quarter. That's compared with a $311.5 million net gain in the previous quarter and a $675 million loss during the same period last year.

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