Tesla hit with big loss as car deliveries sputter

Electric carmaker Tesla on Wednesday announced a heavy loss in the first quarter as car deliveries sputtered overseas and a US tax credit that made its prices more attractive was reduced. Tesla produced about 63,000 Model 3 vehicles in the period, an increase of three percent from the same quarter a year earlier but fewer than had been anticipated. Tesla's quarterly loss followed changes to pricing and reversals in the way the company sells vehicles.

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