Tesla loses $408 million in second quarter even as car sales set a record
by Russ Mitchell, Los Angeles Times
Jul 24, 2019
2 minutes
Tesla Inc. continues lose money as it sells more cars. On Wednesday, the electric car company announced a second-quarter net loss of $408 million.
Tesla bulls say that's a welcome improvement compared with losses of more than $702 million in the previous quarter and $742 million in the second quarter of 2018. To Tesla bears, it shows the company can't earn annual profits under its current structure and business
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