• Second-quarter loss is bigger than expected
  • Results come as CEO Elon Musk’s remarks stoke controversy

Tesla reported larger than expected losses for the second quarter of 2018 on Wednesday, but it exceeded analyst expectations with $4bn in revenue.

Tesla shares rose 5% in after hours trading despite the $717.5m loss, as the company forecast additional increases to its production capacity and profitability in the second half of the year.

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