Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year. Despite Tesla reporting a record loss in the second quarter, its shares rose over 8 percent in after-hours trading, as investors focused on rising production volumes and a slower rate of cash burn. Tesla said that during July it had “multiple times” hit its earlier goal of building about 5,000 Model 3s per week, …read more
Source:: Yahoo Finance
