The Latest: Tesla posts Q1 net loss of $700M
SAN FRANCISCO — The Latest on Tesla’s first quarter earnings (all times local):
2:15 p.m.
Tesla posted a $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning.
The company lost $4.10 per share from January through March, when deliveries fell 31 per cent from the fourth quarter. Tesla had warned it would lose money after turning two straight quarterly profits last year for the first time in its 15-year history.