Posted on 08/07/18
| News Source: MATZAV
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.