Wednesday, August 3, 2016

Tesla reported greater loss than expected in the second quarter – El Financiero

The electric car maker Tesla Motors on Wednesday reported a quarterly loss of $ 150 million or $ 1.06 per share compared with 60 cents analysts expected Bloomberg .

During the second quarter revenues of the firm founded and run by Elon Musk were a thousand 560 million dollars, about one thousand 630 million dollars that had been estimated.

in a letter to investors, Musk revealed that the quarter ended in June the company was kept busy before a rise in demand for vehicles.

during the second quarter orders cars grew 67 percent compared with the same period last year, mainly due to the introduction of the Model X which was released in September 2015.

in this period the company he delivered 14 thousand 402 cars, more what Tesla had announced 14 thousand 370 cars.

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