Tesla, House of Fraser, Instagram: Everything that matters this morning
Tesla reports biggest quarterly loss despite increase in car sales
Sales of more than 40,000 electric cars helped to boost Tesla’s revenue by 43% year on year to $4bn in the third quarter of 2018.
However, the Elon Musk-owned business made a loss of $717m in the quarter – more than double a year ago and the worst quarterly loss on record.
Despite this, the $430m it burned in cash over the three months was less than investors were expecting and stock was up more than 10% at one
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