Tesla returns to posting losses as it struggles with delivering vehicles

Tesla returns to posting losses as it struggles with delivering vehicles

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/04/24/tesla-returns-to-posting-losses-as-it-struggles-with-delivering-vehicles/

Tesla’s first quarter went as badly as expected.

The electric-car maker missed Wall Street expectations by posting a $702 million loss, or $4.10 a share, on revenue of $4.5 billion. The company’s loss followed two profitable quarters in a row, and was about flat compared to the year-ago quarter. Revenue dropped 37 percent from last quarter’s sales of $7.2 billion. In the same period a year ago, Tesla revenue was $3.4 billion.

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