Photo Credit: BEN MACMAHON/EPA/Shutterstock
August 2, 2018
Updated 6mo ago
Tesla reported a loss of more than $700 million in its most recent quarter but promised to turn a profit soon. CEO Elon Musk doubled down on this promise, and also apologized to investors for his 'impolite behavior' on the last earnings call. Wall Street seemed to accept his apology, as shares rallied.