Main content

Tesla Optimistic Despite Record Loss

The company posted a record quarterly loss of almost $710m for the three months to March

The company posted a record quarterly loss of almost $710m for the three months to March - more than double the same period last year. We hear from John Thompson, CEO of Vilas Capital, one big US investor that has been selling its Tesla shares. Doug McIntyre of 24/7 Wall Street gives us a markets update. Cambridge Analytica, the British political consultancy at the centre of a Facebook data-sharing scandal has confirmed that it's shutting down with immediate effect. So, what happens now? A question for Issie Lapowsky, senior writer at Wired. Also in the programme, The EU plans to cut spending on agriculture, and funds for its poorest members. Gregory Claeys of the Brussels-based economic research group Breugel brings us the details. The British prime minister Theresa May faces a possible revolt from some members of her party over customs arrangements post-Brexit. Βι¶ΉΤΌΕΔ business editor Simon Jack shares his thoughts on the latest development. Plus as Facebook announces that it plans to launch a new dating app on the social network, our technology correspondent Rory Cellan-Jones asks whether it is likely to succeed.

(Picture: Tesla car. Credit: Getty Images)

Available now

27 minutes

Last on

Wed 2 May 2018 22:32GMT

Broadcast

  • Wed 2 May 2018 22:32GMT