Tesla Loses $702 Million as Sales Fall to Earth

by Bill Howard

The roof fell in on Tesla Wednesday afternoon. Financially. TSLA lost $702 million in the first quarter, 2.5x what Wall Street expected. Tesla sold 31 percent fewer vehicles in Q1 2019 compared with the monster Q4 2018 as Tesla’s full $7,500 tax credit was about to expire. It had 40 percent less cash on hand than at the end of 2018. Tesla’s claimed return to…