Musk’s Master Plan Misses the Mark on Tesla Profitability, Investors Say

Source: hybridCARS

AutoPacific Contributor: Dave Sullivan

Musk’s Master Plan Misses the Mark on Tesla Profitability, Investors Say

Auto analysts and Wall Street investors responded largely with skepticism to Musk’s "Master Plan" announcement on Wednesday. The statement was a bit vague and unclear on the automaker’s strategy to become profitable, critics say. AutoPacific's Dave Sullivan said, "The main thing that was missing was any type of commitment to shareholder return or to actually become profitable. If you have shareholders, you have an obligation to them. … There was no discussion on how to become profitable.”

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