🚖Tesla posts record $671 million loss in Q3.
SAN FRANCISCO — Tesla Inc. posted a $671 million loss for the third quarter — its largest ever quarterly deficit — dropping from a $22 million net profit recorded for the same period last year.
The electric-vehicle company attributed the loss to ramping up Model 3, pushing back its timeline of producing 5,000 Model 3 vehicles a week from the fourth quarter of this year to the first quarter of 2018. The company cited the battery assembly line at its Nevada Gigafactory as the primary constraint in Model 3 production, adding that it will reduce Model S and Model X production by 10 percent in the fourth quarter to move inventory and dedicate more manpower to Model 3 production.
Tesla Delays Model 3 Production, Posts Q3 Loss of $671 Million | Greentech Media
https://www.greentechmedia.com/articles/read/tesla-delay-model-3-production-q3-loss
Tesla posts big quarterly loss as it delays Model 3 production goals
http://www.detroitnews.com/story/business/autos/mobility/2017/11/01/tesla-losses-escalate-third-quarter/107243694/
Everything We Learned From Tesla Q3 Call With Financial Analysts – Everything We Know Tesla Q4 Call With Financial Analysts
https://insideevs.com/tesla-q3-call-with-financial-analysts-everything-we-know/
Tesla Says Model 3 Production Levels Delayed by 3 Months
https://www.consumerreports.org/tesla/tesla-model-3-manufacturing-slowed-by-production-issues/