Tesla CEO Elon Musk predicting Tesla Motors profitability in 2013
Tesla Motors CEO Elon Musk is again repeating his claim that Tesla Motors will be profitable in 2013, according to a Dow Jones report published today. Given the company's current burn rate as it ramps up production of the Tesla Model S and X electric cars this may be a bold claim, but it is one he has made before. The claim rests on the assumption that manufacturing, orders and purchases of Tesla's high end electric cars will proceed as expected.
At the June 2012, Elon Musk went over the numbers and explained the reasoning behind this prediction. However there continues to be a large "short interest" in Tesla Motors' stock indicating there is a large number of stock traders betting against the company.