NEW YORK — Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company...
Tesla Posts Surprisingly Large 1Q Loss as Sales Slump 31%
SAN FRANCISCO — Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company's worst quarters in the past two years. The net loss was more than double what analysts had predicted as Tesla's sales...
Tesla Burns $739.5 Million in Cash on Way to Record Loss
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars. But CEO Elon Musk pledged to post net profits in future quarters, and on a conference call, he apologized...