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Wall Street skeptical of Tesla's promise to post net profit
Technology
Published in 24-10-2018
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Tesla is showing some promising signs that it will make money as advertised in the third quarter, but Wall Street isn't buying it. The electric car and solar panel maker delivered more than 80,000 vehicles from July through September, and CEO Elon Musk told employees late in the quarter that it was close to profitability. Still, of 15 analysts who follow the company, not one expects Tesla to make money. As a group, they expect a net loss of $173.8 million, or 95 cents per share. "We'd be really very surprised if they posted a profit for the third quarter," said Garrett Nelson, an analyst for CFRA Research. "This is a company that lost over $3 per share each of the last two quarters.
Reference: www.chron.com