Musk Doubles Down on Tesla Cash Claim Doubted by Analysts

Ryan Beene

and

Esha Dey

April 13, 2018, 9:22 AM EDT Updated on April 13, 2018, 4:07 PM EDT

CEO predicts carmaker to earn profit in third, fourth quarters
Fremont assembly plant had ‘excessive automation,’ he tweets

Elon Musk Says Tesla Will Soon Be Profitable

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.