You are here

Tesla shares surge after CEO Musk promises positive cash flow in 2016

Mr Musk said Tesla would make its first net profit by the fourth quarter and plans to invest US$1.5 billion to add capacity.

San Francisco

TESLA Motors Inc chief executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss.

Tesla shares rose more than 10 per cent in