Is Tesla Going Broke Again?

Just over a month after Tesla CEO Elon Musk told investors that the company would be profitable going forward, its finances are once again the subject of Wall Street's most intense scrutiny. Tesla skeptics see blood in the water, while the company's supporters (still optimistic for the long term) have resigned themselves to yet another nail-biter of a year.

Of course, Wall Street being what it is, all this inevitably meant there would be a gentleman's wager (for charity, of course). And so there was.

“If Tesla reports even one profitable quarter in 2019 (defined as ‘Net income (loss) attributable to common stockholders' from the 10Q/10K above zero), I will make a donation in the amount of your wager to a charity of your choice,” investor Whitney Tilson wrote in an email to clients and friends.

Full article at BusinessInsider

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