Tesla suffers worst quarter ever as production delays hit
The Manufacturer | November 05, 2017
US automotive manufacturer Tesla has suffered its worst-ever quarterly loss as the company struggles to increase vehicle production rates. In a statement, Tesla announced that it had taken a $619mn net loss in the third quarter of 2017, the largest such loss in the history of the company. These losses come at a time when the company is struggling to increase production of it first ‘mass market’ vehicle, the Model 3.