Tesla burns $739.5 million in cash on way to record 2Q loss
https://phys.org/news/2018-08-tesla-million-cash-2q-loss.html
The net loss more than doubled from the same quarter a year ago, and was slightly larger than the first quarter. But Tesla's cash burn in the second quarter slowed.
The Palo Alto, California, company said it lost $4.22 per share from April through June as revenue grew 43 percent to just over $4 billion. Adjusted for stock-based compensation, the company lost $3.06 per share. That was worse than Wall Street estimates. Analysts polled by FactSet expected a $2.88 loss per share.
Tesla burns $739.5 million in cash on way to record 2Q loss
Aug 1, 2018, 10:40pm UTC
https://phys.org/news/2018-08-tesla-million-cash-2q-loss.html
> The net loss more than doubled from the same quarter a year ago, and was slightly larger than the first quarter. But Tesla's cash burn in the second quarter slowed.
> The Palo Alto, California, company said it lost $4.22 per share from April through June as revenue grew 43 percent to just over $4 billion. Adjusted for stock-based compensation, the company lost $3.06 per share. That was worse than Wall Street estimates. Analysts polled by FactSet expected a $2.88 loss per share.