Wednesday, 24 July 2019

Tesla rounds out a record quarter for deliveries with a $408 million loss

Tesla delivered a record number of vehicles in the second quarter of 2019

Things were looking rather rosy for Tesla at the beginning of year, at least in terms of its bottom line, with the company entering 2019 on the back of consecutive profitable quarters. It's a machine with a lot of moving parts, but the company has come up short in its latest earnings report, posting a loss of US$408 million despite delivering a record amount of vehicles in the same quarter.

.. Continue Reading Tesla rounds out a record quarter for deliveries with a $408 million loss

Category: Automotive

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from New Atlas (Gizmag) https://ift.tt/32RCMla

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