“I’m optimistic about being profitable in Q1 and for all quarters going forward.”
-Elon Musk, January 31, 2019
Just six months ago, Elon Musk made the bold prediction that Tesla would be profitable in all quarters going forward. Instead, Tesla has recorded a $689 million operating loss through the first half of 2019. Musk now says he feels “pretty confident” about breaking even in Q3 and returning to profitability in Q4. Given his track record of missed predictions – see the constant revisions to the Model 3 production targets – investors should place no stock in this claim.Not a Member Yet? You need a Gold Membership or higher to view the content on this page.
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