Tesla posts record loss in Q3 2017 at $619 million

Elon Musk-led American automaker Tesla on Wednesday posted a record loss of about $619.4 million in the quarter ended September 2017. However, the company's revenue rose 30% to $2.98 billion from $2.3 billion in the previous year. Earlier in October, Musk had said that "Tesla is deep in production hell".