Global car company Tesla turned to losses by the end of the first quarter of this year, to $ 644.8 million, compared to profits of $ 779 million for the same period in 2018.

Tesla's revenue was about $ 4.54 billion in the first quarter of 2019, compared to about $ 3.40 billion in the same period last year.

Analysts had expected Tesla's quarterly revenue to rise to $ 5.4 billion.

The company revealed that the production of its SX cars decreased to 14.1 million cars in the first quarter of 2019, compared to 24.7 thousand cars for the same period in the previous year.

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In contrast, the company's production increased from Model 3 to 62.9 thousand cars, compared to 9.7 thousand cars on an annual basis.

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