Tesla claims record revenue of $4B in Q2 2018

Tesla claims record revenue of $4B in Q2 2018

6 years ago
Anonymous $oIHRkISgaL

https://www.cnet.com/roadshow/news/tesla-q2-2018-financial-report/

Tesla claimed automotive revenue of approximately $3.4 billion in Q2 2018, and when its energy offerings were lumped in, that figure was closer to $4 billion -- beating Thomson Reuters' forecast and setting another company record. However, the company did still lose money on the whole, working out to an adjusted loss of $3.06 per share, which is a bit worse than Thomson Reuters had estimated.

Compared with Q1, it's not too shabby, although its financials weren't exactly stellar then. Last quarter, the company reported about $3.4 billion in total revenue (automotive and energy combined) and a non-GAAP share loss of $3.35 per share. Tesla is still standing firm that it will produce a profit in both Q3 and Q4. At the time of writing, Tesla shares are up in after-hours trading after once again closing north of $300.