Tesla, Inc (TSLA) Elon Musk says Tesla (TSLA) will be cash-flow positive 'all quarters going forward'

Tesla,Inc (NASDAQ:TSLA)

Tesla doesn’t need more investment for now, as CEO Elon Musk believes the company will be cash positive in all of its future quarters. Musk said that up until September, he felt the company was in a “staring death in the face” type situation, but that the company is now becoming more stable.

Market Watch provides quotes from Elon Musk on the company’s new truck:

“Well, I can’t talk about the details, but it’s going to be like a really futuristic like cyberpunk, ’Blade Runner’ pickup truck,” he said. “This will be heart-stopping. It stops my heart.”

“If there’s only a small number of people that like that truck, I guess we’ll make a more conventional truck in the future. But it’s the thing that I am personally most fired up about. It’s going to have a lot of titanium,” he said.

Musk explained the difficulty of the auto manufacturing business, explaining that it is “absurd that Tesla is still alive.” Musk said that production is stable but the company will not get complacent, and will continue to increase its efforts to improve.

Tesla, Inc shares closed at $346.41 on Friday, up $2.13 (+0.62%). Year-to-date, TSLA has gained 11.26%, versus a 3.22% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of B (Buy), and is ranked #1 of 25 stocks in the Auto & Vehicle Manufacturers category.

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