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forakzai forakzai 04/17/2018 - 12:12am

Elon Musk Says Tesla Will be Profitable In Second Half Of This Year

Tesla Motors will become profitable, starting from the third quarter of this year and therefore will not require additional funding from its investors according to the company’s CEO Elon Musk.


Tesla has already sought to play down widespread speculations that it would need to return to capital markets this year in order to raise more money, Reuters reports.

Tesla has said that it would have positive cash flow from the third quarter and Musk repeated the same in a tweeted response to a story from The Economist which said that the Silicon Valley car maker will require $2.5 to $3 billion this year in additional funding. Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money”, Must wrote on Twitter.
 
 
 
 
 
Source:
https://www.carscoops.com/2018/04/elon-musk-says-tesla-will-profitable-second-half-year/

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  • Mramg
    1 week ago 0 P-Nos Points
    these guys get subsidized By the government , only way he stays in business , con artisrt
    • forakzai
      1 week ago 0 P-Nos Points
      you mean the tax incentives for evs? you realize that everyone takes government subsidies and not just Tesla right?
  • The Giffriend
    1 week ago 1 P-Nos Points
    I really hope they start to make some profit this year, it has been a rough one for tesla!
    • forakzai
      1 week ago 1 P-Nos Points
      i doubt it will happen just yet, but it will be a pleasant surprise
    • The Giffriend
      6 days ago 1 P-Nos Points
      Yeah, if it did it would be awesome!!
    • forakzai
      6 days ago 1 P-Nos Points
      Then they'd actually have money to fix their interiors
    • The Giffriend
      6 days ago 1 P-Nos Points
      Yeah exactly!
  • Dirtyfivethirtygarage
    1 week ago 0 P-Nos Points
    If not then I'm sure us California taxpayers will continue to pay their bills...

  • michael_andersen
    1 week ago 1 P-Nos Points
    Would be a hell of a turn around

    For electric car market and overall competition I hope he is right
    • forakzai
      1 week ago 0 P-Nos Points
      if Tesla is able to be cash flow positive and have it's market cap as large as it is it could mean incredible things for the company
    • michael_andersen
      6 days ago 0 P-Nos Points
      In the short term getting to cash positive is the real key and really only way to do that is to find a fix for production delays
  • forakzai
    1 week ago 0 P-Nos Points
    i really hope so... that would be awesome