Tesla told investors Wednesday that it burned through a record amount of cash last quarter, posting a $785 million loss for the quarter. The company's stock initially rose 2.2 percent on the news because revenue came in $110 million higher than expected. The company has not reached its goal of producing 5,000 Model 3 cars a week, reporting a... Tesla earnings, cash-burn up; Model 3 production, barely
Tesla told investors Wednesday that it burned through a record amount of cash last quarter, posting a $785 million loss for the quarter. The company's stock initially rose 2.2 percent on the news because revenue came in $110 million higher than expected. The company has not reached its goal of producing 5,000 Model 3 cars a week, reporting a...