Thursday, August 04, 2016

Tesla’s Big Loss Reflects Its Costly Ambitions - The New York Times

Driven to extremes

"Tesla Motors said on Wednesday that its losses deepened in the second quarter, but the electric-car maker pledged to expand production and improve the profitability of its vehicles.

The company said it lost $293.2 million in the quarter, on revenue of $1.27 billion.

The loss was only slightly more than in the first quarter, but it greatly exceeded analyst forecasts and raised the pressure on Tesla to improve its factory output."
Tesla’s Big Loss Reflects Its Costly Ambitions - The New York Times
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