Tesla reports $700-million loss and forecasts another tough quarter ahead

Tesla Inc on Wednesday reported a $700-million loss for the first quarter and said it would also lose money in the second as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan.

The company said it ended the quarter with just $2.2-billion in cash, after paying off a $920-million convertible bond obligation in March.

globebusiness Ponzy

globebusiness EV is here to stay , Tesla is a great product but companies overhead is ungodly , they will sell the company in a year of less . EV Technology will dominate just going to take a few years to transition , young people get it . $3=300 MPC is a huge win compared to Fossil fuels

globebusiness Well Elon....here ya go

globebusiness elonmusk he is visionary and it has purely to do how he has reverse engineered his vision.

globebusiness Tesla will continue growing, it doesn’t matter if they loss in Q1.

globebusiness So the roadster launched in space was not a good idea I see.. 🤔

globebusiness So not much taste for explosive cars?

globebusiness So Musk says Tesla is doing great, yet it lost $700M. I’d hate to see what doing badly is.

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