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.eastbaytimes.com/2019/04/24/tesla-returns-to-posting-losses-as-it-struggles-with-delivering-vehicles/

Tesla’s first quarter went as badly as expected, with the company posting a huge loss after two profitable quarters in a row.

The electric-car maker missed Wall Street expectations by posting a $702 million loss, or $4.10 a share, in the period ending March 31. The company’s loss was about flat compared to the year-ago quarter. The adjusted loss was $2.90 a share, compared with the $1.15 a share expected by analysts surveyed by FactSet.