Tesla shares plummet on more bad results and a stop staff change
As profitability is being called into question at the electric car maker, co-founder JB Straubel is moving from technology to become an adviser
25 July 2019 - 17:44
San Francisco — Tesla shares plummeted as much as 13% on Thursday after a worse-than-expected loss, and yet another major management change cast fresh doubts on the electric-car maker’s future.
Despite delivering a record number of vehicles in the second quarter, Tesla lost $1.12 a share, a bigger deficit than any analyst projected. While CEO Elon Musk is hoping to earn a profit in the three months ending in September, he told shareholders he’ll prioritise other goals...
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