Tesla posts record revenue at $3.4bn, record loss at $784mn
Billionaire Elon Musk-led electric carmaker Tesla has posted a record revenue at $3.4 billion in the first quarter of 2018, up from $2.6 billion in the same quarter last year. However, the company also reported a record loss of $784.6 million in the quarter. Tesla said it had a cash balance of $2.7 billion at the end of the quarter.