Tesla lost $717 million but vows to make a profit next quarter - News Summed Up

Tesla lost $717 million but vows to make a profit next quarter


The company produced 52,339 vehicles in the second quarter and delivered 40,708 — leaving 12,631 mostly Model 3s still to find their way to customers. Thousands of Model 3s are being stored in large lots outside Stockton and near Hollywood Burbank Airport. The company said in the letter that its “delivery pattern should smooth out in the next two quarters.”


Source: Los Angeles Times August 01, 2018 20:32 UTC



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