Is Tesla On Its Way To Crashing And Burning? Electric Car Company Posts Huge Losses In 2019

Tesla’s first quarterly earnings report of 2019 showed the company took a massive financial hit after losing a $7,500 electric vehicle tax credit on Jan. 1, Greentech Media reports. Tesla released its Q1 earnings report Wednesday, showing losses greater than the already pessimistic predictions from analysts. The electric car company posted a $702 million net loss. The negative cash…

The post Is Tesla On Its Way To Crashing And Burning? Electric Car Company Posts Huge Losses In 2019 appeared first on True Pundit.

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