Tesla shares plunge on quarterly loss

Shares in Tesla, the catalyst for change in vehicle powertrains, took a battering this week, as its quarterly results revealed bigger-than-expected losses and the company acknowledged delays in producing its ground-breaking Model 3. Its battery tech also came under scrutiny as their head of battery development departed and as rival battery car makers set their future sights on solid-state battery technology, versus Tesla’s Lithium-ion based.