Article 4KVT6 Tesla shares tumble amid $408m loss and another high-profile departure

Tesla shares tumble amid $408m loss and another high-profile departure

by
Kari Paul in San Francisco
from Technology | The Guardian on (#4KVT6)

Losses come even as Elon Musk's company says it's delivering a record-breaking number of vehicles

Tesla shares tumbled more than 11% in after-hours trading on Wednesday after the company reported a larger-than-expected $408m loss in its second quarter earnings, and announced the departure of its chief technology officer (CTO).

Related: Electric dreams? What you need to know about Tesla's Model 3

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