Quote:
Originally Posted by Fuzz
Tesla's problem is the unprofitable Model 3 is cannibalizing the profitable Model S and X market.
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This is not meant to be a gotcha, but this post came to mind when I saw the news of Tesla's earnings today. I was also of the belief that Tesla would be unprofitable for a while yet, but here we go...
https://www.businessinsider.com/tesl...n-musk-2019-10
Quote:
The company now says it expects "positive quarterly free cash flow going forward, with possible temporary exceptions," after it sank back to unprofitability earlier this year. "We continue to believe our business has grown to the point of being self-funding," Tesla said.
Despite the return to profitability, quarterly revenues fell compared to the previous year for the first time since 2012.
Tesla said its progress in ramping production of vehicles in China was ahead of schedule.
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