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    Home > Chemicals Industry > International Chemical > In the fourth quarter of 2017, Tesla now lost its biggest quarter ever

    In the fourth quarter of 2017, Tesla now lost its biggest quarter ever

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Electric car maker Tesla reported its biggest quarterly loss
    ever.

    In the fourth quarter of 2017, Tesla now lost its biggest quarter ever

    Tesla released an earnings report showing a loss of $675.
    4 million in the final three months of 2017, compared to a loss of $121.
    3 million
    in the same period last year.

    The loss was partly due to
    production bottlenecks in the $35,000 Model 3.
    This shows that the company has learned a lot from the difficulties encountered in this process
    .

    Despite these challenges, Tesla's revenue increased from $2.
    3 billion to $3.
    3 billion in the fourth quarter.

    Tesla said Model 3 production will continue to reach 2,500 units by the end of the first quarter of 2018 and 5,000 by
    the end of the second quarter.

    Tesla said: "It is important to note that previous experience with Model 3 production bottlenecks has shown difficulties in accurately predicting specific productivity time points
    .

    Electric car maker Tesla reported its biggest quarterly loss
    ever.

    tesla

    In the fourth quarter of 2017, Tesla now lost its biggest quarter ever

    In the fourth quarter of 2017, Tesla now lost its biggest quarter ever

    Tesla released an earnings report showing a loss of $675.
    4 million in the final three months of 2017, compared to a loss of $121.
    3 million
    in the same period last year.

    The loss was partly due to
    production bottlenecks in the $35,000 Model 3.
    This shows that the company has learned a lot from the difficulties encountered in this process
    .

    Despite these challenges, Tesla's revenue increased from $2.
    3 billion to $3.
    3 billion in the fourth quarter.

    Tesla said Model 3 production will continue to reach 2,500 units by the end of the first quarter of 2018 and 5,000 by
    the end of the second quarter.

    Tesla said: "It is important to note that previous experience with Model 3 production bottlenecks has shown difficulties in accurately predicting specific productivity time points
    .

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