The losses worsened to 184.2 million last year to 293.2 million this quarter, about $ 2.09 per share. It was a movement against the total turnover of the Tesla Motors, which rose 33% to 1.27 billion.
The losses in this period were due to the increase investments in car factories and batteries , essential for the delivery of pre-booked models.
in the second half of the year, the plan is to deliver 50,000 new cars, Model S and Model X. last quarter things did not go well. – the company failed the delivery target it had set
preparation for Model 3 will still require in 2016 a total investment of 2,250 million dollars. It will be a difficult task: the car, which is planned for 2018, hit all the expectations of pre-bookings and the company will have to increase tenfold its production in two to three years
The CFO . Jason Wheeler said in conference call with analysts, that these deliveries arise smoothly Tesla Motors can become profitable this year, before taxes. The first and last time that the brand had profits was in 2013.
“We’ve been in the production of hell in the first six months of the year,” admitted Elon Musk .
“ It was hell. And we can get out of it from June and the production line is now working and most of our suppliers solved the problems. “
The company also plans to open new stands, one every four days in various cities, including Mexico City, Taipei and Seoul.
However, the purchase was completed the SolarCity , where Musk is the main shareholder by 2.6 billion. The idea is to “marry” two business models that bet on clean energy, investing in solar panels and other energy efficiency solutions.
Musk said the combination of the companies will enable savings of 150 million dollars a year without major capital increases, something that analysts still want to wait and see.
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