Musk promises profits – share prices still fall

Tesla's CEO Elon Musk promises profits after the company's losses in the first quarter of 2018.

Photo: /ritzau/AP/Ben Macmahon

After first quarter losses, Tesla's CEO Elon Musk promises investors the company will return to profitability – and after losses over six consecutive quarters, many shareholders should be pleased.

However, the many disappointments and Musk's failure to fulfil his promises has caused Tesla's share price to fall by 4.6 percent.

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