Elon Musk plans rapid EV buildout after Tesla profits slip
By Ulises in Business
Updated 3 years ago
Tesla Inc., the world's most valuable automaker, saw its stock fall yesterday after its fourth-quarter profits disappointed investors. But CEO Elon Musk said a march of new factories will cause the electric automaker's output to grow at a sizzling rate of 50% a year "for many years to come."
