Tesla Posts $700 Million First-Quarter Loss as CEO Elon Musk Says It Will Offer Insurance
Analysts expected that Tesla would lose in the neighborhood of 69 cents per share in the first quarter, but Tesla's real numbers, released today, were much, much worse than that. Tesla lost $2.90 a share, or $702.1 million in the quarter, according to CNBC, almost as much as they lost in the same quarter last year,"