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Tesla reported a loss of $702m for the first three months of the year and predicted another loss for the three months after.
The electric car and battery maker said it would return to profit in the third quarter.
It ended March with $2.2bn in cash, a reduction of $1.5bn in three months, largely down to it repaying a $920m bond.
The firm said it still plans to deliver 360,000 to 400,000 vehicles in 2019. "As the impact of higher deliveries and cost reduction take full effect, we expect to return to profitability" in the third quarter "and significantly reduce our loss" in the second quarter, the company said in a statement .