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Elon Musk says Tesla will be profitable in Q3, Q4

Elon Musk says Tesla will be profitable in Q3, Q4

CEO Elon Musk shown exiting the back seat of a Model 3 at its debut.

Elon Musk's April Fools' tweets joked about Tesla going bankrupt, but analysts aren't joking when they say that the company may have to tap capital markets before the end of the year to raise funds because it continues to burn a lot of cash.

Despite initially attracting about 500,000 advance orders in the form of refundable deposits, the sedan's launch has been plagued by delays and manufacturing bottlenecks, putting off Tesla's anticipated revenue stream and aggravating a cash crunch for the money-losing company.

Follow Tesla's stock price in real-time here.

"I'm definitely under stress", Musk said in an interview Friday as Tesla wrestles with a series of problems related to production problems on the Model 3.

It's been a tough few weeks for Tesla, the battery-electric automaker again missing production targets, being accused of improperly firing almost 1,000 factory workers and being scolded by federal safety regulators for its role in investigating a fatal crash involving its semi-autonomous Autopilot system.

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If you have been following Tesla over the past few months, there's nothing really new to come out of the interview regarding the company aside from a confirmation that Tesla has been maintaining a production rate of ~2,000 Model 3 vehicles per week.

In related news, VP John Douglas Field sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 16th. "The family wants to investigate this incident and help ensure that this tragedy does not happen to other consumers who buy semi-autonomous vehicles". "The fantasy that Tesla will one day dominate the global automotive industry is fading", said Charley Grant at The Wall Street Journal. A week after the crash, Tesla announced the driver of the Model X had turned on the autopilot, apparently laying the blame on him when the investigation had only just begun. If trading volume increases, prices move in the same direction.

Investors feel curious to know whether the company is in "Oversold Territory" or "Overbought Territory". So much so that he allowed CBS This Morning an extensive tour of the production line, including a reveal of the famous couch/sleeping bag set up that he's been sleeping on in the factory.

But not everyone is convinced.

The Model 3, a highly anticipated electric vehicle, has been plagued with production problems since past year. During the same period in the prior year, the company posted ($0.69) EPS. sell-side analysts anticipate that Tesla will post -15.15 EPS for the current year. If you are reading this article on another website, it was stolen and reposted in violation of USA and worldwide copyright & trademark legislation. No, that's true.... I need to figure out how to be better.... As a result, the analyst said that by "year-end '19 we think the stock will be at $84".


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