Tesla posts record $710m net loss

Madeleine Cuff
clock • 2 min read

EV pioneer is struggling to hit production deadlines for its Model 3 vehicle, but founder Elon Musk insists firm is on track to be cash positive by end of the year

Tesla suffered a record loss of almost $710m in the first three months of this year as it burnt through cash in its struggle to get its flagship Model 3 cars out of the factory and into the hands of customers,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

UK electric car sales surge to 'best ever' month in March

UK electric car sales surge to 'best ever' month in March

SMMT data shows sales of new fully electric cars accounted for almost a quarter of the overall market in March 2026

Michael Holder
clock 07 April 2026 • 5 min read
 Octopus Energy launches new offer that halves on-street EV charging costs

Octopus Energy launches new offer that halves on-street EV charging costs

Energy giant to offer 50 per cent off kerbside charging for drivers who lease EVs through Octopus Electric Vehicles

clock 02 April 2026 • 4 min read
AA: Used EV prices fall for fifth straight quarter

AA: Used EV prices fall for fifth straight quarter

Used Car Index reveals jump in searches for EVs, as separate analysis shows how leased EVs can save drivers over £1,300 a year

James Murray
clock 02 April 2026 • 6 min read