Firm reveals losses of $2.90 a share after waiting more than an hour after markets close

Tesla posted larger-than-expected losses in its first-quarter earnings report, as the company struggles with production rates and was forced to raise prices on a number of its cars.

The company reported a loss of $2.90 per share in its filing, weaker than estimates of a $1.30 loss per share. The company’s stock closed out the day at $258.66 per share and prices fluctuated wildly in after hours trading.

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