FIRST AIRED: May 23, 2017

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00:00:00
nnnnn tesla reporting it lost more money in the first quarter than it did a year ago but investors don't seem to mind reuters transportation editor joe white explains why wasn't as much of a loss as some analysts had expected of the stock has been trading up our aftermarket on the numbers the reaffirmation and re upping the commitment to get the model x. sport utility vehicle launched in the third quarter is very important number of analysts have zeroed in on that and said look at they delay that might , again , well it's a big negative well tessa saying we're not going to delay it again we're going to get it out on schedule and i think that that certainly a positive %HESITATION at for a lot of people looking at stock tesla's wider loss is in part due to investing a ton of money into newer ventures like super batteries , white says tesla energy a new suite of eco friendly storage batteries for homes and businesses , do you want musk unveiled last week could pad sales numbers in the future you on my says , we fully expect to start selling those and , the summer third quarter and again as he did last week he said %HESITATION the potential there of the potential market there for that kind of %HESITATION device or those kinds of devices %HESITATION is is huge i think i was going to have to be a lot of proof in the pudding as those products roll out as to where the people actually buy them and %HESITATION and whether businesses will buy them as essentially backup power nestle shares touched above four percent in after hours trading