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Musk Doubles Down on Tesla Cash Claim Doubted by Analysts

  • CEO predicts carmaker to earn profit in third, fourth quarters
  • Fremont assembly plant had ‘excessive automation,’ he tweets
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Elon Musk Says Tesla Will Soon Be Profitable

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Tesla Inc. meant what it said when telling investors this month that another capital raise won’t be necessary this year, and Elon Musk just elaborated on why.

The electric-car maker will be profitable and cash-flow positive in the third and fourth quarters, the chief executive officer predicted in an early Friday morning tweet.