Tesla's plan for making money may have just gotten blown sky-high
Tesla lost over $400 million in Q2 despite record sales, especially of its new Model 3. This throws Tesla's plan to become profitable selling a high volume of Model 3 cars into doubt — and that's been the company's plan for years. At the beginning of this year CEO Elon Musk said it would be profitable going forward, now the company says it's going to aim for profitability,"although continuous volume growth, capacity expansion and cash generation will remain the main focus.
Tesla lost over $400 million in Q2 despite record sales, especially of its new Model 3. This throws Tesla's plan to become profitable selling a high volume of Model 3 cars into doubt — and that's been the company's plan for years. At the beginning of this year CEO Elon Musk said it would be profitable going forward, now the company says it's going to aim for profitability,"although continuous volume growth, capacity expansion and cash generation will remain the main focus.
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