Tesla posted a record quarterly loss of $619 million as it struggles with Model 3 production
https://www.recode.net/2017/11/1/16593134/tesla-model-3-elon-musk-production-q3-earnings-2017
Tesla announced its earnings for the first time since it embarked on what CEO Elon Musk called “production hell.” The company said it missed its goal of producing 1,500 of its first mass market vehicles by September because of battery manufacturing issues.
The company almost doubled its losses in the three months ending Sept. 30 to $619 million, a record quarterly loss for the electric vehicle manufacturer. The company missed profit expectations, reporting a loss of $2.92 a share on adjusted earnings, compared with Wall Street’s expectations of $2.30. Tesla posted sales of $2.98 billion, beating the expected $2.94 billion.
Tesla posted a record quarterly loss of $619 million as it struggles with Model 3 production
Nov 2, 2017, 5:23am UTC
https://www.recode.net/2017/11/1/16593134/tesla-model-3-elon-musk-production-q3-earnings-2017
>Tesla announced its earnings for the first time since it embarked on what CEO Elon Musk called “production hell.” The company said it missed its goal of producing 1,500 of its first mass market vehicles by September because of battery manufacturing issues.
>The company almost doubled its losses in the three months ending Sept. 30 to $619 million, a record quarterly loss for the electric vehicle manufacturer. The company missed profit expectations, reporting a loss of $2.92 a share on adjusted earnings, compared with Wall Street’s expectations of $2.30. Tesla posted sales of $2.98 billion, beating the expected $2.94 billion.