Auto 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.