📉Tesla on Wednesday posted its worst ever quarterly loss
Tesla said its Model 3 production target remains on track, expecting to hit about 5,000 per week in about two months.
While that sounds alarming, losses were actually less than analysts expected.
Tesla earnings show record revenues with record losses
Tesla reported its Q1 2018 earnings today, posting adjusted losses of $3.35 per share with revenues on $3.4 billion.
This is technically a beat, as analysts expected Tesla to report a loss of $3.48 a share with revenues of $3.22 billion, up from $2.7 billion a year ago.
Tesla also ended Q1 with $2.7 billion in cash, down from $3.4 billion in cash at the beginning of the year.
This quarter, Tesla’s net losses were a record $784.6 million ($4.19 per share). So, while it’s revenue was higher than ever before, it also reported record losses.
TechCrunch
https://techcrunch.com/2018/05/02/tesla-earnings-q1-2018/
Tesla (TSLA) Beats Q1 Estimates, Auto & Energy Sales Surge – May 2, 2018 – Zacks.com
Tesla sets another record quarter for losses