Tesla Beats Expectations In First Quarter Of 2018

On Wednesday, Tesla posted a net loss of $785 million on revenues of $3.41 billion for the first quarter of 2018. These figures beat expectations as analysts predicted Tesla to report revenues of $3.22 billion. In a letter to investors CEO Elon Musk wrote this week, “Consumers have clearly shown that electric vehicles are simply more desirable when priced on par with their internal combustion engine competitors while offering better technology, performance and user experience.”