August 10, 2015 at 12:55Tesla loses $ 4,000 on every car sold
Tesla published financial statements for the second quarter of 2015. As it turned out, Tesla Motors is still far from making a profit. Despite the fact that 11,523 electric cars were sold during the indicated period, the company's loss amounted to $ 47 million. It turns out that on every Tesla electric car sold it loses $ 4,000.
In addition, Elon Musk, the head of Tesla Motors, announced that this year the company faces additional capital costs of $ 1.5 billion. This money is planned to be spent on launching a new electric car model, Tesla X.
Income and expenses of Tesla Motors. Source: company report
Immediately after the publication of the financial report, the company's shares began to fall in price. And on Thursday-Friday, in just two days, Tesla Motors lost about 11% of its value. Note that a year ago, the company's value was estimated at $ 2.67 billion. Now, the price of Tesla Motors has more than halved, reaching $ 1.15 billion.
In the second quarter, the company's operating costs, as well as research and development costs, significantly increased.
In addition, Elon Musk, the head of Tesla Motors, announced that this year the company faces additional capital costs of $ 1.5 billion. This money is planned to be spent on launching a new electric car model, Tesla X.
Income and expenses of Tesla Motors. Source: company report
Immediately after the publication of the financial report, the company's shares began to fall in price. And on Thursday-Friday, in just two days, Tesla Motors lost about 11% of its value. Note that a year ago, the company's value was estimated at $ 2.67 billion. Now, the price of Tesla Motors has more than halved, reaching $ 1.15 billion.
In the second quarter, the company's operating costs, as well as research and development costs, significantly increased.