Around the Net
Tesla Reports Earnings Loss, Model 3 Production On Target
- Business Insider, Thursday, May 4, 2017 8 AM
Tesla reported a wider-than-expected loss for the first quarter. However, the Model 3 remains on track for initial production in July. The electric-car maker said it lost $1.33 per share, wider than the loss of 82 cents that analysts had forecast. Revenue more than doubled and beat expectations, at $2.7 billion ($2.61 billion forecast.)
