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Tesla's Musk 'sees merit' in capital raise, vows profit in third-quarter after large loss

Updated : April 25, 2019 06:35 AM IST

Shares of Tesla, which are down 22 percent this year, were about flat after the results, which came more than an hour after they were expected.
The company stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 500,000 vehicles if its China factory reaches volume production in the fourth quarter.
Tesla said a loss in its second quarter would be "significantly" less than the $702 million lost in the first quarter. Profit would return in the third quarter, Tesla said.
Tesla's Musk 'sees merit' in capital raise, vows profit in third-quarter after large loss

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