Tesla reports wider loss than expected, expects to be profitable in the 2nd half of the year as it ramps up Model 3 production (TSLA)

Tesla recently pushed back the delivery timelines for new orders of two of three versions of its Model 3 sedan. Investors and analysts have been interested in any updates on the pace of production of the mass-market cars, and whether Tesla may need to raise additional capital even after CEO Elon Musk said otherwise. Tesla reported a negative free cash flow of $739 million, smaller than analysts had forecast, and less than the $1.05 billion burn in Q1. …read more

Source:: Yahoo Finance

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