What is happening: Tesla may have posted positive profits in the last two quarters, but they face an uphill struggle to repeat this in the long term.
Profits: Tesla boasted their first ever consecutive quarterly profit recently, representing a huge step forward for the car maker.
Repeat: However, it may be a tricky accomplishment to repeat, as they cut the price on their Model 3 sedan and up production. They faced supply chain issues last year, preventing them from upping production with little in the way of cash.
Musk: Elon Musk believes he can achieve another back-to-back set of quarterly profits, as long as the company sells 360,000-400,000 cars. This would represent a 47%-63% rise compared to 2018 figures.
What did Musk say: “It will require us to execute on many fronts including logistics and delivery challenges in Europe and China.”