No fooling: Time for Elon Musk to explain why bankruptcy's not in the cards for Tesla
by Russ Mitchell, Los Angeles Times
Apr 30, 2018
3 minutes
On April 1, Elon Musk tweeted that Tesla was bankrupt. He was just joking. April Fools'!
This week, Musk will be forced to explain why bankruptcy isn't a serious possibility.
He'll be responding to questions from stock analysts about first-quarter financial results to be released Wednesday afternoon. Everyone who closely follows Tesla – bulls, bears, neutral onlookers – expects the results to be abysmal.
Another record quarterly loss is widely anticipated. The consensus estimate among 27 Tesla analysts pegs that figure at slightly deeper than last quarter's record $675-million loss. More
You’re reading a preview, subscribe to read more.
Start your free 30 days