Tesla posts $717m loss yet beats revenue predictions

Tesla posts $717m loss yet beats revenue predictions

6 years ago
Anonymous $oIHRkISgaL

https://www.theguardian.com/technology/2018/aug/01/tesla-latest-losses-revenue-elon-musk-report-q2

Tesla reported larger than expected losses for the second quarter of 2018 on Wednesday, but it exceeded analyst expectations with $4bn in revenue.

Tesla shares rose 5% in after hours trading despite the $717.5m loss, as the company forecast additional increases to its production capacity and profitability in the second half of the year.