Tesla CEO Elon Musk stated throughout a teleconference with press reporters on Thursday that the car manufacturer would likely not pay in the very first quarter of this year.

Musk included that he anticipated Tesla to be rewarding in the 2nd quarter.

Musk’s declaration marks a turnaround from his previous forecast that Tesla would pay in every quarter start in the 3rd quarter of2018 Throughout the car manufacturer’s fourth-quarter revenues call, in January, Musk had actually stated he was “positive” that Tesla would make a little revenue throughout the very first quarter.

Musk had actually stated on that January call: “I’m positive about paying in Q1. Not by a lot, however I’m positive about paying in Q1 and for all quarters moving forward.”

Find Out More: Tesla is shuttering the majority of its shops as the business changes to an online-only sales design

Throughout the 2nd half of 2018, Tesla published the very first successive quarterly revenues in its history, though it stopped working to satisfy Wall Street’s expectations for its fourth-quarter revenues.

The car manufacturer published adjusted revenues of $1.93 per share on $7.23 billion in income throughout the 4th quarter. Wall Street experts had actually anticipated adjusted revenues of $2.10 per share on income of $7.1 billion.

Have a Tesla news idea? Contact this press reporter at mmatousek@businessinsider.com