Tesla loses $560.36m during Q2

Silicon Valley-based electric vehicle specialist Tesla has posted a significant financial loss during the second quarter of 2019, to the tune of US$389 million ($560.36m). Reported by industry journal Automotive News Europe, the company's financial loss is "far more than analysts" had projected despite sales rising by over 50 per cent to US$6.35 billion ($9.15b). As expected, though, the company's outspoken CEO, Elon Musk, remains positive about the company's fortunes looking forward.