Tesla losses wider than expected, but sticks to profitability targets
https://techcrunch.com/2018/08/01/tesla-losses-wider-than-expected-but-sticks-to-profitability-targets/
Tesla reported wider-than-expected losses in the second quarter, but is sticking to a profitable and cash flow positive forecast for the second half of the year.
Tesla reported a quarterly loss of $717.5 million, compared with a $336.4 million loss in the same period last year. Tesla has had just two profitable quarters in its history, the last which was reported in 2016. This is the company’s seventh consecutive quarterly loss.