Electric car manufacturer Tesla posted its biggest loss in company history in the second quarter, booking a net loss of $717.5 million, according to multiple media reports.
The company said it finished the second quarter with $2.78 billion in cash, and vowed to turn profits in the third and fourth quarter of 2018 – a promise previously made by CEO Elon Musk.
Shares rose 5 percent in after hours trading at that promise, according to Reuters.
Read more at The Hill.
{Matzav.com}
a bunch of fools. hes a con man with a huuuuge ego
Tesla has never turned a profit. Many experts consider this company one of the great hoaxes.
Not as bad as Bitcoin. That’s even a bigger hoax. It’s just a matter of time.