{"id":40237,"date":"2019-07-25T14:22:38","date_gmt":"2019-07-25T14:22:38","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=40237"},"modified":"2019-07-25T14:22:38","modified_gmt":"2019-07-25T14:22:38","slug":"teslas-still-bleeding-money-and-now-its-stock-is-dropping-too","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=40237","title":{"rendered":"Tesla&#8217;s still bleeding money and now its stock is dropping too"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New York (CNN Business)<\/cite>Even after delivering a record number of cars in its second quarter, <span>Tesla<\/span> <span>(<span class=\"inlink_chart\"><a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=TSLA&#038;source=story_quote_link\" class=\"inlink\">TSLA<\/a><\/span>)<\/span> is still bleeding money. Tesla said Wednesday that it lost $408 million during the three months ending in June, far worse than Wall Street had expected. Shares of Tesla fell more than 10% in after hours trading following the earnings report.<\/p>\n<div class=\"zn-body__paragraph speakable\">The loss was slightly less painful than the previous quarter, in which <a href=\"https:\/\/www.cnn.com\/2019\/04\/24\/investing\/tesla-earnings-loss\/index.html\" target=\"_blank\">Tesla lost $702 million<\/a>. The company attributed its performance to record vehicle delivery numbers of more than 95,000 cars. That was up nearly 5% from the previous record in the fourth quarter of 2018. <\/div>\n<div class=\"zn-body__paragraph speakable\">CEO Elon Musk announced on a call with analysts Wednesday afternoon that J.B. Straubel, a founding member of the company, is stepping down from his role as chief technology officer and will become a senior adviser. Current vice president of technology Drew Baglino will take on most of Straubel&#8217;s responsibilities. <\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Even after delivering a record number of cars in its second quarter, Tesla (TSLA) is still bleeding money. Tesla said Wednesday that it lost $408 million during the three months ending in June, far worse than Wall Street had expected. Shares of Tesla fell more than 10% in after hours trading following&hellip;<\/p>\n","protected":false},"author":10,"featured_media":40238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-40237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/40237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40237"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/40237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/40238"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}