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Tesla Reports Earnings Loss, Model 3 Production On Target

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.) 

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