Tesla Reveals Loss of $717 Million, Elon Musk Tweets About Video Games

Tesla Reveals Loss of $717 Million, Elon Musk Tweets About Video Games

6 years ago
Anonymous $oIHRkISgaL

http://www.newsweek.com/tesla-reveals-loss-717-million-elon-musk-tweets-about-video-games-1053723

Tesla announced losses of $717.5 million for the second quarter of 2018 on Wednesday. The same day, company CEO Elon Musk was tweeting about video games.

However Tesla stock rose this week following publication of the financial results, which, despite revealing heavy losses, also showed the company ended the quarter with revenues of around $4 billion, a 43 percent rise compared to the same period last year. It made 40,768 total deliveries in the second quarter: 22,319 Model S and Model X vehicles and 18,449 Model 3 vehicles.