Elon Musk’s Model 3 timeline is delayed as Tesla posts its largest quarterly loss

Elon Musk’s Model 3 timeline is delayed as Tesla posts its largest quarterly loss

7 years ago
Anonymous $ZOEEBQ1zf0

https://qz.com/1117933/elon-musks-timeline-stays-true-to-form-as-tesla-tsla-posts-its-largest-quarterly-loss/

Tesla’s earnings numbers were not welcome news for investors. Today, the company said it delivered 26,137 cars during the third quarter, but only 222 of those were Model 3s. That’s far below the 1,500 Tesla was hoping to have delivered by this time. Overall, the company posted a loss of $619 million on sales of $2.98 billion.

Tesla shares dropped by as much as 5.4% on the news in after-hours trading, before recovering slightly. Overall, the company’s stock is up by about 50% for the year.