Tesla profit streak ends as woes mount
Auto April 24, 2019, 0 Comment 5
Tesla CEO Elon Musk warned investors the EV maker, facing slower U.S. sales and rising capital outlays overseas, expects to lose money again in the second quarter but return to profitability in the third quarter. In one positive sign, automotive revenue rose 36 percent to $3.7 billion in the first quarter.
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