The company’s losses have grown three times a year.
According to The Verge, citing annual report of the company and an annual income of Tesla was $ 3.3 billion, but the total net loss was equal to us $2.24 billion, which Is three times more loss for the company in 2016, amounting to 773 million dollars. In the fourth quarter of last year losses reached 675 million.
The Head Of Tesla Inc. Elon Musk acknowledged the plight, according to CNN. “We are deeper in hell than expected,” he said during a conference call with analysts. The company encountered difficulties with the production of batteries for electric vehicles, the Model 3, Musk said. But Tesla will be released on the stated capacity of five thousand cars every week in the second quarter, said the businessman.
Amazingly, despite the fact that the quarterly loss was the biggest in the history of the Corporation, financial results, Tesla was better than analysts ‘ forecasts. Quotations of the company’s shares this information is almost not affected.
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