Tesla can't ramp up Model 3 production until 2018

Tesla can't ramp up Model 3 production until 2018

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnet.com/roadshow/news/tesla-q3-2017-report-pushes-model-3-production-ramp-to-2018/

Tesla burned through $1.4 billion dollars in the third quarter as it attempted to ramp up production of its affordable Model 3 electric sedan. The company reported an adjusted loss per share of $2.92, higher than Thomson Reuters estimated at $2.29. That said, its $2.98 billion revenue was a bit higher than Thomson Reuters' estimate of $2.95 billion. Tesla's reported $671 million quarterly loss is its largest ever, or 76 percent of what it lost in all of 2016.

Let's see how that all shook out in more practical terms.