Sorting out production issues related to the Model X helped boost Tesla’s gross margin in the second quarter. Tesla’s CFO thinks there’s more room for improvement. Image source: Tesla Motors.
Tesla Motors (NASDAQ: TSLA) wasn’t profitable in the second quarter of 2016. The Silicon Valley carmaker posted a net loss of $293 million, or $2.09 per share, as it continues to spend big on development of its upcoming Model 3 sedan.