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Elon Musk- Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored TeslElon Musk: Tesla Lost $408M This Is Why
Elon Musk- Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's ongoing challenges and helps explain why the company's shares have plunged by more than 20% this year while the Standard & Poor's 500 indexes have surged by 20%. On the upside, Tesla's second-quarter revenue climbed 47% from the same time last year to $5.2 billion. It also generated $614 million in cash, helping fatten its bank account to $5 billion through June. That's money Tesla is going to need to repay its massive deb...Keep on reading: Elon Musk: Tesla Lost $408M This Is Why Read more











