Markets Insider
- Tesla will not be profitable in Q1 as it was in its previous two quarters, CEO Elon Musk said Thursday.
- The guidance comes the same afternoon as Tesla said the $35,000 version of its Model 3 was available for pre-order.
- Shares sank as much as 4% in after-hours trading. Follow the stock in real-time here.
Shares of Tesla sank as much as 4% in after-hours trading Thursday, according to Markets Insider data, after CEO Elon Musk warned the company may not be profitable in the first quarter of 2019.
"We do not expect to be profitable in Q1 but profitability in Q2 is likely," Musk said on a conference call Thursday.
See the rest of the story at Business Insider
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See Also:
- Tesla has suspended orders ahead of Elon Musk's big announcement
- Elon Musk plans to announce some Tesla news on Thursday — here's what one Wall Street analyst is expecting
- Tesla may unveil the Model Y this year — here's everything we know about the vehicle so far
SEE ALSO: We took the Tesla Model 3 for a test drive. Here are the best and worst features.
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