News
August 4, 2016

Tesla Loses Even More Money!  Still Wants to Expand Production

tesla

On Wednesday, Tesla reported a $239 million loss but pledged to push forward with its plans to expand production. In a worrying sign, the loss surpassed analyst expectations and pressure is growing on CEO Elon Musk. The company has missed its factory output production goals for the prior six months.

http://www.nytimes.com/2016/08/04/business/teslas-big-loss-reflects-its-costly-ambitions.html?_r=0