Tesla a record loss, investors take it left

Tesla a record loss, investors take it left

(Image: dpa, Ian Langsdon/archive)

In All it works quite well, on the ground less: After the successful launch of his SpaceX rocket, “Falcon Heavy” has Elon Musk presented the quarterly figures of his car company Tesla, and had to admit to a record loss.

The American car maker Tesla has scored for the last quarter until the end of December 2017, a record loss of 675 million US dollars, about 550 million Euro. This is the highest loss in the history of the company since 2003. The reason for the losses of the high production costs of the middle-class car Model 3 were, according to the company. Investors took the result calmly.

Up to yesterday, Wednesday, floated Elon Musk and the SpaceX rocket into space shot the Tesla Roadster is still far above the clouds, then came the disillusionment: year-on-year expanding of the loss for the last quarter of 121 million US dollars to 375 million US dollars. At the same time, sales increased by 44 percent to $ 3.3 billion. Analysts and investors took the results positively because they had expected more loss and less revenue. Accordingly, the market responded: Tesla shares gained after trading hours even to two percent.

Goals for Model 3 confirmed

For the positive reaction of the investors is also likely to have ensured that Tesla wants to hold on to when Model 3 production target of 5000 cars per week. This is to be achieved as of the second quarter. As an intermediate step from the end of the first quarter, Tesla expects that approximately 2500 Model 3 can a week.

So far, the not then from: In the third quarter were only 220 and in the fourth quarter of 2425 cars are produced. Of the planned mass-production Tesla is currently still far. Hundreds of thousands of customers who have already paid deposits, will need to wait for some more time on your vehicle. The other pre-orders didn’t hurt but, says Tesla.Hurt obviously has the recently published study, the Tesla as a tail light in the area of Autonomous driving sees.

For the U.S. car maker, a lot depends on the success of the Model 3. So far, Tesla was, especially with the Model S and Model X in the higher-priced luxury niche. From Model 3, the Dollar is in the US, at least 35,000 U.S.-available, expects Tesla to the mass market. The shareholders should be set for 2018 to further losses. In a letter to Elon Musk warned its investors that spending will again increase significantly, to the car production. The money will also be needed for the battery production and construction of new Telsa-sale shops, Service centers and charging stations. Without a comprehensive infrastructure, vehicles can be harder to sell.

At least in terms of PR Elon Musk, no one can delude ourselves. With its Falcon Heavy rocket into space successfully shot the Tesla Roadster, the from 2020, the production should be, both to his SpaceX company, as well as Tesla in the cards played. Elon Musk had his contract as the Tesla CEO recently to ten years.

(olb)

Original article and pictures take www.techwarf.com site