Musk promises profits – share prices still fall

Tesla's CEO Elon Musk promises profits after the company's losses in the first quarter of 2018.

Photo: /ritzau/AP/Ben Macmahon

After first quarter losses, Tesla's CEO Elon Musk promises investors the company will return to profitability – and after losses over six consecutive quarters, many shareholders should be pleased.

However, the many disappointments and Musk's failure to fulfil his promises has caused Tesla's share price to fall by 4.6 percent.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nordex books deficit of EUR 133m in Q2

The German wind turbine maker follows rivals noting another big interim loss, with revenue also having taken a hit. That, though, is exactly as expected, says CEO.

Further reading

Related articles

Latest News

See all jobs