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Tesla posts quarterly loss of $408 million, shares fall 12%
short by Kanishka Pandey / on Thursday, 25 July, 2019
Electric carmaker Tesla has posted a loss of about $408 million for the June quarter, alongside revenue of about $6.35 billion for the same quarter. The electric carmaker also announced its Co-founder JB Straubel was stepping down from the role of the CTO after about 16 years. Tesla shares were down nearly 12% in pre-market trading on Thursday.
read more at The Guardian