Financial year

Tesla has announced its third quarter results. They show that revenues are down 31 percent from a year ago and that the car maker is losing nearly eight times as much money compared to the previous year. This quarter, Tesla lost $34.9 million, up 7.6 times from the $4.6 million from a year earlier. At $250 million, the company has three times as much funding as it did last year. It also lost $150 million in investing activities. In a statement, the company pointed out that revenues were up compared to last quarter — a 10 percent increase from $28.4 million. Right now, Tesla has $96.6...