Elon Musk Says Tesla Will Be Cash Flow Positive Next Month

Elon Musk

Photo: Flickr/OnInnovation

In a blog post published Wednesday, Tesla Motors CEO Elon Musk said he expects the electric car company “to become cash flow positive at the end of next month.”Tesla’s stock collapsed 12 per cent last month after it admitted it was several weeks behind production schedule, in an SEC filing.

In the blog post, Musk wrote that Tesla has overcome supply constraints, and that “if the calendar were simply shifted a few weeks to the right,” it would have hit its goal of producing 500 vehicles in third quarter.

The post comes after a period of SEC-imposed silence, while Tesla was undergoing a new round of financing.

In the presidential debate Wednesday, Mitt Romney called Tesla a “loser” investment. Musk did not address the charge, but said “Tesla has always made its DOE payments on time and has never asked to delay repayment ever.”

See More: The 8 Most Energy-Efficient Cars On The Road

NOW WATCH: Executive Life videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.