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The Story of Money

Tesla’s rough ride

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 7 August 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

Elon Musk's grand vision for the electric carmaker has drawn dedicated fans and followers. But Tesla has also tested the patience of customers and investors after a hit-and-miss on production targets while burning through cash. What will it take for Tesla to become a stable and profitable car manufacturer? The FT’s Richard Waters examines its prospects. Read more here

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Transcript

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0:00.0

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0:26.6

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0:28.0

Aye and take action today. Hi, I'm Amy Keene, and this is behind the money with the Financial Times.

0:44.3

This week on the show, we're looking at Tesla.

0:50.4

The electric car maker is valued at almost $60 billion, but in its 15 years in operation,

0:56.0

the company's never made an annual profit.

0:59.0

Investors have flocked to the stock backing Chief Executive Elon Musk's promise of an affordable electric car.

1:05.6

But after bleeding cash and missing production targets this year, the companies tested the

1:10.0

patience of both its customers and investors.

1:13.3

So what will it take for Tesla to become a stable and profitable car company? Good day, ladies and gentlemen, and welcome to the Tesla Q1, 2018 financial results and

1:31.6

Q&A and webcast call.

1:35.0

So Richard, back in May,

1:40.0

Tesla's chief executive Elon Musk spoke with analysts on its first quarter earnings call.

...

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