His remarks overshadowed an otherwise successful quarter that took many investors by surprise Akanksha Rana and Tina Bellon April 29 (Reuters) - Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S.
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 automaker 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 rival Ford Motor Co reported a $2 billion first-quarter loss and forecast losing