WILL TESLA’S GREEN CAR FIASCO SINK ELON MUSK’S COMPANY?


By: - Climate DepotNovember 2, 2017 2:14 PM

WILL TESLA’S GREEN CAR FIASCO SINK ELON MUSK’S COMPANY?

  • Date: 02/11/17
  • NBC News

Few companies have done a better job of defying gravity than Tesla, but the California-based electric carmaker could see the bottom drop out, some observers are warning, after Wednesday’s worse than expected third-quarter earnings report.

Tesla rolled up a July to September deficit of $2.92 a share, well below the $2.45 a share deficit that a consensus of industry analysts had forecast. On the plus side, revenues for the latest quarter slightly beat expectations at $2.98 billion versus a consensus figure of $2.95 billion.