Tesla says it’s still cooking without gas

Tesla reported that it lost less money than the market expected and said it was making progress ramping up production of Model 3 electric cars.

Shares rose briefly before diving about 5% after an earnings call during which CEO Elon Musk dismissed as “boring” some questions about money. The company reported net losses of $784.6-million (about R10-billion) on revenue of $3.4-billion in the first quarter.