Tesla Motors might have one of the most exciting cars on the market with its Model S electric car, but the company lost a huge $359 million on the Model S last quarter alone.
$359 million over a three-month period is a hefty $4000 per car sold, with the company aiming to cut its production targets for the rest of this year, and into 2016. Elon Musk has even been tempted of raising more capital and also didn't rule out selling more stock. Tesla shares fell 9% on Thursday, and another 2% on Friday as investors begin to "weighed the risks of Musk's ambitious plans for expanding Tesla's auto and energy-storage businesses", reports Business Insider.
- > NEXT STORY: Xbox boss has pumped over 300 hours into Destiny
- < PREVIOUS STORY: NVIDIA's new 4K 60FPS trailer for Metal Gear Solid V: The Phantom Pain