“Tesla is losing over $4,000 on every sale it makes of its Model S car, according to a report on its most recent financials by Reuters. That brings the loss between April and June of this year to a whopping $359 million.  In response to this, the car manufacturer has been forced to cut its production budget for 2015-2016. However, the company’s founder Elon Musk has promised investors that by the first quarter of next year, his company will have made enough money to move into the mass production of its affordable Model E, which is expected to cost approximately $35,000.  It’s an ambitious deadline and it will certainly be interesting to see if Musk can stick to it.”

http://thenextweb.com/insider/2015/08/10/whats-that-musk/

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