Tesla Inc’s net loss widened to $740 million in the second quarter, as it spent heavily to remain a leader in electric vehicles. Tesla said it expected another quarterly loss as it ramps production of its first mass-market car, the Model 3. Tesla reported a $784.6 million net loss for the three months ended June 30 compared with a loss of $336.4 million in the same period last year, surpassing analyst expectations for a loss of $600 million, according to Thomson Reuters I/B/E/S

Tesla Inc’s net loss widened to $740.0 million in the second quarter, as it spent heavily to remain a leader in electric vehicles.

Tesla Inc’s net loss widened to $740.0 million in the second quarter, as it spent heavily to remain a leader in electric vehicles.

The company said on Wednesday its cash balance at June 30 was $2 billion, down from $3 billion at the end …