Tesla revealed record quarterly production figures at the start of this month LUCAS JACKSON/REUTERSTesla lost more than expected in the second quarter, struggling to rebound from a disappointing start to the year despite a record number of deliveries. Shares in the electric car maker fell 12 per cent in after-hours trading after Tesla backtracked on its expectations of making a profit in the third quarter and said its focus would be on delivering more cars and generating cash. The company reported a loss of $403 million for the three months to the end of June, up only slightly from a loss of $702 million in the first quarter, and lower than Wall Street anticipated. The losses came with weaker than expected revenues of $6.35 billion between April and June, up from $4.5 billion in the first quarter, but…

Source: The Times July 24, 2019 23:14 UTC