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Tesla suffered record losses in the history of

13:05, Thursday, 02 November, 2017
Tesla suffered record losses in the history of

Stock quotes of the company Elon musk at auction fell by 5%.

American electric car manufacturer Tesla suffered record losses in its history in the third quarter of 2017. Net loss of the company Elon musk in July-September amounted to $619 million compared to a profit of $22 million, Interfax reported, citing data from MarketWatch.Adjusted loss per share was $2,92, which is significantly higher than the median forecast polled by Thomson Reuters analysts of $2,28. Due to the increase in sales of Model X on 36% revenue Tesla in the third quarter jumped 30% to $2.98 billion, It surpassed the expectations of experts at $2,95 billion.

The company warned that output in the production volume of 5 thousand sedans Model 3 per month will take more time than expected. Tesla had planned to reach this figure of issue to the end of the year, but on Wednesday it was announced that the goal will be achieved towards the end of the first quarter of 2018. This is due to delays in the supply of batteries, production of which began in July at the Tesla factory in Nevada.

Stock quotes Tesla in electronic trading on Wednesday fell by 5% after the publication of the statements. The company’s capitalization is now about $55.3 billion, compared with $61 billion at GM.

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