Tesla earnings: company posts surprisingly large losses in delayed report
by Kari Paul in San Francisco from on (#4DTS9)
Firm reveals losses of $2.90 a share after waiting more than an hour after markets close
Tesla posted larger-than-expected losses in its first-quarter earnings report, as the company struggles with production rates and was forced to raise prices on a number of its cars.
The electric carmaker reported a loss of $2.90 a share in its filing, weaker than the $1.30 loss a share experts were expecting. The company's stock closed out the day at $258.66 a share and prices fluctuated wildly in after hours trading.
Continue reading...