04.08.2016 - The loss of Tesla Motors increased by 60%
Manufacturer of electric vehicles Tesla Motors has received 293 million dollars loss in the second quarter of this year that is 60% more than in the same period last year. The company's revenue increased by 33% to 1.27 billion dollars. The reason for the weak financial performance was the failure of car delivery plan. Thus, the predicted delivery was 17000 cars, but the real figure reached 14402. Despite the weak financial performance in the long term, we expect growth of quotations of the company by 40-45% per annum.