Jan
30
What Wall Street Wants to Hear From Tesla’s Elon Musk
By-
Earnings report follows CEO’s warning about ‘difficult’ road
- Price drop, job cuts fuels concerns about profitability
Tesla Inc. had a turbulent 2018, and early 2019 hasn’t been any smoother. To get the shares back on track, Chief Executive Officer Elon Musk has to ease concerns that sales and profitability could be hitting a wall.
An across-the-board price drop, job cuts and Musk’s warning about a “very difficult” road ahead has investors on edge heading into Tesla’s release of quarterly earnings results Wednesday. The CEO has already warned preliminary results for the fourth quarter may come up short of the record earnings the Model 3 maker posted in the prior three months…