Tesla's Elon Musk calling coronavirus lockdowns 'fascist' overshadows profitable quarter [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Tesla's Elon Musk calling coronavirus lockdowns 'fascist' overshadows profitable quarter (Reuters) - Tesla Inc’s ( TSLA.O ) outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak “fascist” as the electric carmaker posted its third quarterly profit in a row. His remarks overshadowed an otherwise successful quarter that took many investors by surprise as automaker peers were hit by a slump in consumer demand and forced factory shutdowns. Shares of the company were up 8.8% at $871 in extended trade. Tesla’s profitable quarter comes just a day after Detroit-based rival Ford Motor Co ( F.N ) reported a $2 billion first-quarter loss and forecast losing another $5 billion in the current quarter as the coronavirus pandemic hits demand. General Motors Co ( GM.N ) on Monday suspended its dividend and share buybacks and will report earnings May 6. How Tesla fares in the current quarter and the remainder of the year will be an
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TSLA
Sec Filings
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- 11/10/25 - Form SCHEDULE
- 11/10/25 - Form 4
- TSLA's page on the SEC website