Tesla lost $ 784,6 million in the first quarter of 2018

The American Electric Car Maker Tesla posted a net loss of 784,6 million in the first three months of the current year, which is almost double (+ 97%) the red numbers of the same period of 2017.

Tesla lost $ 784,6 million in the first quarter of 2018

However, the company closed the first quarter of the current year with a turnover of 3.408 million dollars, which translates into a progression of 26,4% compared to the same period of the previous year.

Between January and March of this year, the corporation registered a pre-tax loss of $ 779,02 million, which represents a strong rise of 109% compared to the data of that period of the previous year.

The company's revenue in the first quarter of the year benefited from sales of the 3, although its quarterly results were also impacted by industrialization and production delays for this model.

From Tesla they indicated that in April they managed to bring Model 3 production to 2.270 units per week, managing to overcome the barrier of 2.000 units per week for the fourth consecutive week.

"Despite being in a launch stage, the Model 3 is on the cusp of becoming America's best-selling premium midsize sedan." assured the company based in Palo Alto (California).

In addition, he explained that, if their plans are fulfilled, the forecast is to achieve net profit in both the third and fourth quarters of this year, based on their ability to reach a production volume of 5.000 units per week of the Model 3.

"After an efficient form of capital we will add capacity to achieve the figure of 10.000 units per week", assured the company.



Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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