As it ramps up production of the Tesla Model 3, Tesla announced Wednesday that it reduced its financial losses in the second quarter—barely. The result is significant, because Tesla is racing against the clock to keep from running out of money before it can build enough of its new, more affordable Model 3s to turn a profit. Tesla says it... Tesla cuts losses on Model 3 sales, Musk promises profits next quarter
As it ramps up production of the Tesla Model 3, Tesla announced Wednesday that it reduced its financial losses in the second quarter—barely. The result is significant, because Tesla is racing against the clock to keep from running out of money before it can build enough of its new, more affordable Model 3s to turn a profit. Tesla says it...