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Tesla reported its biggest-ever loss, and Elon Musk apologized
An honorable member of the Coffee Shop Has Just Posted the Following:
Tesla reported the largest quarterly loss in its history — $717.5 million — revealing that it burned through $430 million in cash over three months. But investors didn’t freak out — Wall Street was expecting worse, and Tesla stock was up more than 10 percent in after-hours trading. On the earnings call, CEO Elon Musk apologized to analysts for his recent erratic behavior and outbursts. ...........The electric car company said it lost more than $717.5 million in the second... Tesla reported its biggest-ever loss, and Elon Musk apologized Click here to view the whole thread at www.sammyboy.com. |
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