Tesla said its net loss amounted to $4.19 per share. The giant loss in a critical quarter for the 15-year-old company fell short of Wall Street estimates. In April, Tesla said it wouldn't need to return to markets for more capital because it expected to generate cash from sales of the Model 3. Then Tesla forecast 10,000 Model 3s per month at the end of the first quarter. The Fremont factory was shut down for four or five days last month to clear production bottlenecks, Tesla said.

Source: CBC News May 02, 2018 19:43 UTC