ReutersApr 25, 2019 03:06:48 IST
(Reuters) - Tesla Inc on Wednesday reported a $700 million loss for the first quarter and said it would also lose money in the second as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan.
The company said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March.
(Reporting by Vibhuti Sharma in Bengaluru and Alexandria Sage in San Fransisco; Editing by Arun Koyyur)
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