After two profitable quarters, its first in many a moon, Tesla posted a US$702 million ($984 million) loss during the first quarter of 2019.
Although red ink was expected, the loss was significantly larger than many analysts and the market had predicted, and ranks as the company's fourth largest quarterly loss so far.
Fisker, the car company founded by designer Henrik Fisker, has released a teaser image of an affordable all-electric crossover to be revealed later this year.
Said to feature a "futuristic, elegant muscular look", the new electric SUV has a prominent lower grille and a glass plate for the radar system where a traditional upper grille would normally reside.
Fisker has provided a peek at the 'close to' US$40k electric vehicle it's preparing to take on the Tesla Model Y, ahead of its reveal on March 18.
The car won't actually hit the market until 2021, by which point Henrik Fisker is expecting solid-state battery technology to be ready for mass consumption – and at a price that'll allow his company to sell its electric vehicle for the equivalent of AU$55,000.
