Tesla announced earnings
http://www.ibtimes.com/tesla-motors-inc-...tes-its-2364209
Tesla Motors reported a much worse than expected loss of $282.3 million today.
Another article from CNN Money:
http://money.cnn.com/2016/05/04/news/companies/tesla-earnings/index.html?iid=hp-toplead-dom
Quote:
"Tesla CEO Elon Musk had said previously that the automaker would become "cash-flow positive" this year. But in a letter to shareholders Wednesday, Musk signaled that won't be the case after all."
Apparently they forgot that they can't just take deposits, they actually need to produce the Model 3. On the other hand Model S sales are growing, up 45% compared to the same quarter last year.
http://www.ibtimes.com/tesla-motors-inc-...tes-its-2364209
Tesla Motors reported a much worse than expected loss of $282.3 million today.
Another article from CNN Money:
http://money.cnn.com/2016/05/04/news/companies/tesla-earnings/index.html?iid=hp-toplead-dom
Quote:
"Tesla CEO Elon Musk had said previously that the automaker would become "cash-flow positive" this year. But in a letter to shareholders Wednesday, Musk signaled that won't be the case after all."
Apparently they forgot that they can't just take deposits, they actually need to produce the Model 3. On the other hand Model S sales are growing, up 45% compared to the same quarter last year.