Tesla posts quarterly loss

Updated:7 months, 2 weeks ago IST

New Delhi, May 03 (ANI): Tesla reported its worst-ever quarterly loss and said its Model 3 production target remains on track. It also expects about 5,000 per week in about two months. Autotrader's Michelle Krebs says it's a 'make-it-or-break-it' year for Tesla. The lack of Model 3 revenue sped up Tesla's cash burn. The company is also spending a lot of money on assembly lines and new investments, such as the Model Y.

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