More loss, but less: investors celebrate Tesla – n-tv.de NEWS

 Economy
 

 Thursday 05 May 2016

 
 
 

 
 Light and shadow revealed the figures of Tesla. The e-car maker is expanding its decline, but cuts thus better than expected. CEO Musk also announced capacity increases. Open market attracts the share price significantly.
 

 
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The electric car manufacturer Tesla will ramp up production much more quickly than planned in view of the strong demand for its future cheaper model. The mark of 500,000 vehicles will now be achieved two years earlier in 2018 year. And for 2020 rather the million mark will now be targeted, said CEO Elon Musk in a conference call with analysts.

Last year, Tesla delivered only over 50,000 cars. Recently, the electric pioneer but got within one week over 325,000 reservations for the $ 35,000 expensive Model 3, which will come the end of 2017 on the market.

The past quarter closed Tesla with a lower loss than analysts expected from. The stock jumped in a first reaction in after hours trading initially around eight percent high, later the Plus declined to about four percent. The deficit still increased year on year from 154.2 282.3 million dollars (246.6 million euros).

For good investor sentiment but also was the fact that Tesla delivery forecast for this year of confirmed up to 90 000 vehicles. In the first quarter Tesla yielded about 15 500 cars from, for the current quarter are 17 000 targeted – in the rest of the year the company will therefore have to grow significantly. Among other things, the production of the new SUV model X’m still too slow high, Tesla conceded.

At the same time subjected to the orders of the most important vehicle Model S, which for example in Germany cost at least 88,000 euros, in comparison to 45 percent on how the California company announced after US market close on Wednesday. Revenue rose 15 percent to 1.03 billion dollars.

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For Suppliers July 1, 2017 was set as the deadline by which they can deliver their parts for Model 3 must, as Musk said. However, this does not mean that then already could begin production. “Although 99 percent of the parts should then be delivered, we still can not build.” But he admit assume that in the second half 2017, about 100,000 to 200,000 vehicles of Model 3 are built.

  Source: n-tv.de
 

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