According to Forbes, “The company’s stock price has been dropping fast this month, from $350 a share at the end of February to $279 yesterday, with a downgrade after trading hours from Moody’s and the announcement of a federal probe into a recent fatal crash in a Model X likely to keep the pressure on today.”
Related: China Holds the Key to Electric Vehicles Tesla
Elon Musk Disagrees
Tesla co-founder Elon Musk believes otherwise.
“2018 will be a transformative year for Tesla, with a high level of operational scaling,” Musk said in a statement. “As we ramp production of both Model 3 and our energy products while keeping tight control of operating expenses, our quarterly operating income should turn sustainably positive at some point in 2018.”
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