Tesla finished the second quarter with record losses

Tesla закончила второй квартал с рекордными убытками

In many ways, the company’s losses associated with investments in new models, particularly in Model 3 electric car.

American company Tesla reported a record loss in 717,5 million dollars in the second quarter of 2018. This is more than twice the losses of the automaker over the same period last year (336,4 million dollars).

As follows from the statements published on the website of the company, in many ways, the losses are associated with investments in new models, particularly in Model 3 electric car.

Profit from this model is “slowly moves to positive indicators”, and are expected in the company’s gross profit from its sales grow in the third quarter to approximately 15% in the fourth – to about 20%, mainly due to the constant reduction of production costs.

Citing its own research, Tesla claims that the market for Model 3 is much wider than that for midsize sedans in the premium class.

Recall, Tesla net loss for the first quarter of 2018 made 709,5 million dollars.

Earlier it became known that the head of the company Elon Musk has signed an agreement to build car plant in China near Shanghai.

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