Tesla de­liv­ers more cars in June qtr

India Business Journal - - GLOBAL WRAP-UP -

Tesla de­liv­ered more of its Model 3 cars in the most re­cent quar­ter, help­ing boost rev­enues. Elon Musk's elec­tric car com­pany had rev­enues of $4 bil­lon in the three months to June, ris­ing 43% from the same pe­riod last year. The growth came as Tesla de­liv­ered more than 40,000 cars in the quar­ter, in­clud­ing about 18,000 Model 3s. How­ever, the com­pany still lost more than $717 mil­ion in the June 2018 quar­ter, a record that is more than dou­ble a year ago. Tesla has been spend­ing heav­ily as it strives to get the Model 3, its lat­est car, into the hands of cus­tomers.

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