Elon Musk: Tesla will probably not need another injection of funds | Industry News | car



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Tesla boss Elon Musk overcame the drought years at the electric car manufacturer. "As I said earlier this year, I think we will spend more money than in any other neighborhood," Musk said in a podcast of the US blog Recode.

Due to the laborious and costly production launch of Model 3 – the first Tesla vehicle imagined for a larger market – many badysts have worried about the group's capitalization. Musk reiterated that Tesla could do without another capital injection.

More recently, Tesla posted a quarterly profit for the first time in two years, as the new model had strong sales and sales up. At the end of the quarter, the weekly production rate was 5,300 model 3 cars, with 56,065 units delivered during the quarter. Plus: Tesla makes its first quarterly profit for a long time >>

Musk can use the tailwind well, the starter has often been criticized recently. For example, because of the decision quickly abandoned to remove Tesla from the stock market. These actions were followed by investor lawsuits and sanctions by the US Securities and Exchange Commission, which was the scene of an attempt to manipulate the market. As a result, Musk is expected to chair the board of directors for three years. (DPA / apa / red)

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