Tesla tripled loss – cheer stockbrokers – FAZ – Frankfurter Allgemeine Zeitung

Tesla Madel X to be sold this year more often.

The American electric car pioneer Tesla will make this year no loss. On an adjusted basis Tesla will make 2016 profit, promised CEO Elon Musk on Wednesday. For the full year to be delivered 80000-90000 cars of luxury sedan Model S or the luxury model Model X SUV.

In the first quarter sales to wear by 60 percent to about 16,000 vehicles. Among investors came this good. In after-hours trading put the company’s share price, which also produces battery storage to more than ten percent. The fact that the loss for the year-end 2015 almost tripled, fell into the background.

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Although brought Tesla in the last three months of the year, significantly more electric cars on the road. The carmaker sold 17,478 vehicles, including 206 cars of luxury series Model X, which made up quick turnover to 1.2 billion dollars. Due to higher investments, however, fell to a loss of $ 320.4 million, as Tesla announced by. In the corresponding period last year saw a decline of only $ 107.6 million.

The always talkative Musk and the new CFO Jason Wheeler promised investors to obtain the costs under control, to meet production targets and stem the losses. “Cash is king,” Wheeler said. Although Tesla last summer issued new shares to raise money for the SUV and the expansion of a large battery factory in Nevada, the cash reserves were the end of December to 1.2 billion dollars. A year earlier, the carmaker 1.9 billion in the checkout.

In comparison to established car manufacturers Tesla has only a comparatively thin equity cushion. The output of the company joy therefore drives many analysts worry lines on his forehead. A clearly better model than the luxury series – the Model 3 – will be presented on 31 March. will have to the vehicle from 2017. ‘/ p>

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