Tesla quarterly loss more than doubled

ECONOMY

NEW YORK, August 2. /Basereporter.com/. The losses of the company Tesla for the second quarter of 2018, totaled $717,5 million last year over the same period, the losses amounted to $336,4 million That’s indicated in published corporate reports of the company.

According to the report, Tesla revenues increased from $2.79 billion in the second quarter of 2017 to almost $4 billion over the same period this year. During the reporting period, 2018, the company supplied customers 40 740 electric vehicles all the produced models compared to slightly over 22 thousand for the three months last year. Model 3 was the best selling brand (almost 18 thousand 440).

The head of Tesla Elon Musk announced plans to enter the production level 6 Model 3 thousand per week by the end of August. “And we expect to increase production over the threshold of 6 thousand pieces per week, but will try to limit additional costs,” said Musk.

In may, Tesla announced that by the end of the first quarter of the year recorded a loss of almost $710 million In the III and IV quarters of 2017, the figure was $619 million and $675 million respectively. In the first three months of last year, Tesla lost $330 million.

Tesla began to build its new electric car Model 3 in July 2017, however, faced difficulties in increasing production. The price of this model, which is a budget version of the more expensive Model X and Model S starts from $35 thousand Car in its basic configuration is able to travel without recharging of about 350 km. the Maximum speed – 210 km/h, acceleration to 100 km/h in about 5.6 seconds.

Tesla was founded in 2003. Initially, the company called Tesla Motors, however, at the beginning of this year became known as just Teslа. At first it specialized in the production of electric vehicles, but later began to engage in the creation of solar panels and other energy-storage systems. The headquarters of the company is located in Palo Alto (California).

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