Y
Yoni Heisler
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It hasn't been a good week for Tesla, at least from a financial perspective. Earlier in the week, Tesla released its earnings report for the March quarter and posted a loss of $702 million even though revenue jumped by more than $1 billion. Still, Tesla's revenue for the quarter came in markedly lower than analysts on Wall Street were anticipating. Consequently, even analysts who typically have a pro-Tesla bent couldn't help but call Tesla's earnings report a "debacle."
But there's more to Tesla than just the bottom line. Sure, the company is burning through cash but that shouldn't detract from all of the intriguing things the company continues to do in the automotive space. As a prime example, Tesla's Autopilot feature -- which typically only makes the news when a serious accident occurs -- has proven to be revolutionary feature that quite literally saves lives.
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Video shows Tesla Model 3 on Autopilot quickly swerve out of harm’s way originally appeared on BGR.com on Fri, 26 Apr 2019 at 23:07:53 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report