As Tesla losses continue, Musk points to global growth

Tesla.deliveries.jpg — Record sales haven't been enough to generate consistent profits at Tesla. (Bloomberg)

JB

By:

Jamie Butters

July 25, 2019 05:59 AM

Tesla CEO Elon Musk, after reporting a surprisingly large loss in the second quarter, pointed toward an eventual, if delayed, return to profitability and spectacular growth into a truly global company.

Featured Stories

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

Nissan's restructuring plan unveiled by new CEO Ivan Espinosa came six weeks after he was tapped to do what his predecessor couldn’t: Make hard decisions and deep cuts.

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

Toyota overhauls supply chain process, gives 52-week forecasts instead of 13-week

Larry P. Vellequette

Toyota overhauls supply chain process, gives 52-week forecasts instead of 13-week

Toyota to offer third EV with Subaru-built bZ Woodland crossover

Larry P. Vellequette

Toyota to offer third EV with Subaru-built bZ Woodland crossover

William Porter, noted designer for Pontiac and Buick, dies

William Porter, noted designer for Pontiac and Buick, dies

Latest News

VW shareholders demand reform of ‘highly problematic’ governance

$11 billion tariff tsunami poised to wash over Japanese automakers looking to boost U.S. output

Canadian dealership group adds to U.S. footprint with purchase of Ohio Toyota store

Canadian used-vehicle prices spike in April as dealers head off tariffs

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Japanese automakers face $19B hit from Trump’s tariffs

Yugo shows model of small car planned for 2027 production start

VW dealers, after stop-sale orders, left waiting to sell ID Buzz. Again

What the auto industry wants from the new German government

Staying current is easy with newsletters delivered straight to your inbox.