Tesla shares drop 5% amid stock market woes

Tesla shares are dropping 5% after the company reported a first-quarter loss.The company also reported a profit of $1.27 billion.Tesla said its net loss for the first quarter was $2.8 billion.CEO Elon Musk said in a statement that the loss was due to lower demand for the Model S sedan, which Tesla expects to ramp up production of later this […]

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