Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Tesla's Annual Shareholder Meeting: Demand, Trucks And More

CNBC quoted CEO Elon Musk as saying, “profitability is always challenging if you’re a fast-growing company" and that Tesla is on target to grow its “fleet” by 60-80 percent this year. Musk said Tesla could still be cash-flow positive despite this high growth rate. Sales have far exceeded production and production has been pretty good.” He also said Tesla has a “decent shot at a record quarter” in terms of sales and production. The company hopes to unveil the Tesla pickup truck this summer and hopes to get the Tesla Semi into production by the end of next year.

First found on: finance.yahoo.com And then on: 1 other references