Tesla CFO leaves as automaker promises profits and cheaper cars

By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent. Chief Executive Elon Musk insisted that demand for the Model 3 was not an issue, as the company begins to ship the car to Europe and Asia from its Fremont, California factory

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