Tesla avoids slump and posts Q1 profit

Outspoken Tesla chief executive Elon Musk labelled the US’ coronavirus lockdowns as “fascist” as the firm surprised investors with another profitable period of trading despite the current market disruption. Give people back their g*****n freedom!” ____________________________________________________ More on coronavirus: ____________________________________________________ Unlike many of its counterparts in the automotive industry, Tesla managed to make a m profit in the first quarter, despite vehicle demand dropping as much as 80 per cent in March. Although it produces far fewer models than rivals like Ford, Tesla has a far larger stock market value on expectations of vast growth to come.