Tesla posts third quarterly profit in a row, but Elon Musk is not happy

Topics Tesla | Elon Musk | Elon Musk Tesla


Tesla Inc's CEO Elon Musk on Wednesday called sweeping US 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 auto sector 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.....

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