Tesla closed the second quarter of this year with a smaller loss year-over-year. Investors are not satisfied either.
The electric car company said its loss for the second quarter ended June ended at $ 408 million from $ 702 million in the first quarter. Losses were higher in the second quarter last year at $ 718 million.
In the second quarter of this year, earnings per share fell to $ 1.12, which is well above the average of 36 cents in expert opinion. After the announcement, Tesla shares fell ten percent.
Tesla shipped a record 95,000 200 cars in the second quarter, including 77,550 Model 3s, 17,650 Model Ss and Model Xs.
Tesla also announced that it will produce a record number of cars in the second quarter. A total of 87,048 cars, of which 72,531 were Model 3 and 14,517 were Model S and Model X.
The car maker's quarterly revenue rose 58.7 percent to $ 6.35 billion, down from $ 6.41 billion expected by experts.
(Source: vadess.hu / Photo: pixabay.com)