Current Events > Tesla Reports Another Quarterly Loss

(+) Yeah! (+)

Tesla Inc. reported a second-quarter loss that fell far below Wall Streets expectations even as the electric-car maker stuck to a closely watched commitment to boost vehicle sales at least 47% this year.

The Silicon Valley car company on Wednesday reported a second-quarter adjusted loss that narrowed to $1.12 a share from a year agos loss of $3.06 a share loss. That improvement still missed analysts predictions of an adjusted loss of 35-cents a share.

Tesla shares fell more than 8% in after-hours trading.

In a shareholder letter, Chief Executive Elon Musk reiterated previous guidance that Tesla would deliver 360,000 to 400,000 vehicles this year. That projection had been in doubt after unexpectedly low vehicle deliveries in the first three months of the year heightened pressure on Mr. Musk to deliver a rebound in the second quarter.

We are working to increase our deliveries sequentially and annually, with some expected fluctuations from seasonality, Mr. Musk said in the letter. This is consistent with our previous guidance of 360,000 to 400,000 vehicle deliveries this year.

Tesla earlier this month reported that it had delivered 95,200 vehicles in the second quarter, a company record, driven principally by increased sales of the Model 3 compact car.

https://twitter.com/Polixenes13/status/1154145825880039425
https://twitter.com/TESLAcharts/status/1154152316293042176

That is impressive.
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Tesla always operates at a loss.
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Tesla and Elon Musks have the weirdest people praying for success and downfall.

I was wondering why they took a shellacking today
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https://twitter.com/scidood/status/1154152729461383168

They REALLY need to boost deliveries in Q3. Like substantially increase them.
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Who gives a shit about a company you have no relation to?

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Garioshi posted...

Who gives a shit about a company you have no relation to?

yikes
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*continues laughing like Kawhi Leonard*
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If only Boogie had actually bought that Tesla smh
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Cash flow kings and unprecedented growth for a company its size. Time to buy more while the boomers at cnbc are still steaming that Elon won't buy ad spots from them.
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