Tesla reports $717.5 million loss

Tesla reported its largest quarterly loss ever.

The electronic car company said it lost more than $717.5 million in the second quarter.

Tesla also burned through $430 million worth of its cash stockpile last quarter.

It turns out Wall Street was expecting worse.

The loss didn't seem to bother investors.

At one point in after-hours trading, Tesla's stock was up more than 10 percent.

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