Tesla posts $702-million quarterly loss

Jamie McKane

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Tesla posts $702-million quarterly loss

After posting back-to-back profits in 2018 for the first time ever, Tesla has announced that it has lost $702 million in the first quarter of 2019.

In an official filing, Tesla said that a key reason for the substantial loss was that the company suffered unforeseen issues with Model 3 deliveries.
 
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