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Tesla Doubles Loss, though Burns Less Cash Than Expected

Tesla Inc. reassured investors it would grasp a distinction after this year, as a rush of Model 3 sales in a second entertain helped a electric-car builder bake reduction money than expected.

The results, that sent Tesla’s shares mountainous in after-hours trade Wednesday, should give Chief Executive Elon Musk some shake room to infer that a continued prolongation rate of some-more than 5,000 Model 3s a week during a third entertain can make a automobile builder cash-flow certain and profitable. He done that guarantee progressing this year and reiterated…

Article source: https://www.wsj.com/articles/tesla-doubles-loss-but-burns-less-cash-than-expected-1533155913

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