Tesla should be sustainably profitable and cash-flow positive by now, as Elon Musk promised last August, but still nothing about this company feels sustainable or repeatable, writes Jeremy Owens.
Elon Musk on Aug. 1, 2018: “In the second half of 2018, we expect, for the first time in our history, to become both sustainably profitable and cash-flow positive.”
Elon Musk on Feb. 28: “We do not expect to be profitable in Q1, But we do think that profitability in Q2 is likely.” Tesla should be sustainably profitable and cash-flow positive by now, as Musk promised last August, but still nothing about this company feels sustainable or repeatable. After fighting through the tough Model 3 production ramp last year, Musk has pushed Tesla right into a Model Y production ramp and China factory build-out while making outrageous promises about autonomous capabilities.
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