Tesla posts Q1 net loss of more than $700 million

Tesla posts Q1 net loss of more than $700 million

Tesla CEO Elon Musk suggested on Wednesday a capital raise could be imminent, as the company lost $700 million in the first quarter while predicting a return to profit in the third. The company stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles. Tesla said a loss in its second quarter would be ’significantly’ less than the $702 million lost in the first quarter.

Simone
Simone
Loay Anbar
Loay Anbar 1 year

I'm sure they'll be alright everyone loves Tesla and it's been growing rapidly.

David James
David James 1 year

it's almost like electrit cars are stupid and we tried them decades ago. Imagine what that debt would look like without the millions of dls Tesla gets in subsidies from the government.

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