Tag: Tencent

Elon Musk (Scott Olson / Getty)

Tesla Posts Loss, Devours Cash — But Promises Model 3 Soon

Tesla stock plunged in after-hours trading Wednesday as the all-electric car maker dropped by over 5 percent following revelations that it spent $622.4 million in the last 90 days in an all-out effort to launch its Model 3 sedan.