Tesla Lost $702 Million Last Quarter; Revenue Down 37 Percent

Tesla’s profit streak is over. Big time.

The electric car company said Wednesday that it lost $702 million last quarter. Its revenue was also down 37% compared to the prior quarter.

Wall Street was already bracing for what one analyst called an “apocalyptic” quarter — but the results were still far worse than expected.

Click here to read the article at KTLA.com.