Tesla posts bigger-than-expected loss, bigger-than-expected revenue
Tesla expects to be “cashflow positive every quarter from here on out, absent paying down a big loan,” said Elon Musk on a financial call on Wednesday.
The CEO came to the call contrite, apologizing to analysts that he had snapped at on last quarter’s call and offering subdued analysis for the quarter ahead. “Sorry if I sound a little tired I’ve been working like crazy in the body shop lately,” Musk said.
Tesla published its Q2 2018 financial statement this afternoon, and it was a mixed bag for investors. The company lost more money than it was expected to lose, but Tesla has finally hit the promised 5,000 Model 3s per week number this quarter. As a result, Tesla is slightly up in after-hours trading.