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Tesla was a loss of $702 million in the first quarter of 2019

Tesla получила убыток $702 миллиона в первом квартале 2019 года

Reports of Tesla are stable. How familiar in front of the figure — is another question. In the first fiscal quarter of 2019, the brainchild of Elon musk went negative by $702 million, Revenue was $4.5 billion versus $7.2 billion in the last quarter, but much higher than in the first quarter of 2018 — and then revenues amounted to $2.6 billion.

In the second quarter, Tesla expects to release a plus. According to The Verge, since 2010, when the company went to the stock exchange, the past quarter was its fourth indicators of the worst.

Some experts say that had expected losses, but not to this extent.

Now available Tesla has $2.2 billion of cash, of which $768 million in deposits for cars (Model 3, Model Y, the second-generation Roadster, Tesla Semi, as well as “energy” products).

It is noted that in the first quarter, the company delivered 63 thousand cars, which is below the projected figures in 90 thousand cars. According to the Mask, adds complexity logistics of sending three different models of international buyers from the same factory.

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