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Musk Apologizes to Disrespected Analysts; Jamba Juice Finally Gets Sold--ICYMI

Michael Brown

Tesla fanatics-and investors-breathed a sigh of relief on Thursday as the stock rocketed more than 16%, or $48.70 per share, to $349.54, after Musk promised that Tesla would be profitable each quarter going forward. Musk apologized to the two Wall Street analysts he embarrassed on the first quarter earnings call. Tesla's net loss for the three months ending in June came in at $718 million, or $3.06 per share, the company said, wider than the $2.90 per share loss that analysts had predicted, although excluding some one-off items, that figure narrowed to $2.45 per share.