Tesla loses hit $700 million - highest ever

  1. home
  2. > business
  3. > Tesla loses hit $700 million - highest ever
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Tesla loses hit $700 million - highest ever

Aug 02, 2018 17:30 IST

Tesla reported its highest ever quarterly loss of $717 million in the second quarter of the fiscal year, burning through $430 million in three months. Elon Musk, however, has reassured investors saying there is "no cash crunch" and that Tesla has $2.2 billion in cash reserves.

Business