Jump to content


SEARCH

0

Tesla said to be losing money on every Model S sold

By Faiming_low on 11 Aug 2015 in Other News

Attached Image According to Reuters, Tesla had to cut its production targets for the 2015 year down to 50,000-55,000 vehicles after releasing how much it is losing. It is said that Tesla is losing $4000 (S$5571) on every Model S they sell after taking into consideration the operating losses of the company which amounted to $47million (S$65.5million).
 
Shares of the electric car company fell almost 9 percent last Thursday with another 2 percent slip on Friday. Analysts predict that a capital raise is probably on its way as Tesla’s reserves were standing at just $1.15billion (S$1.60billion) on 30th of June , down from $2.67billion (S$3.72billion) a year ago, a reduction that's partly due to investments for the production start of the new Model X electric crossover.


Viewed: 1,308 times

Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
An authorised Ferrari dealership on Rokko Island has reported that 51 of the 53 Ferraris it had o...
POPULAR BLOG POSTS
Photo
After the new Roadster was unveiled last year, Elon Musk, the CEO of Tesla, mentioned that it mig...
Photo
A souped-up version of the OPPO Find X has been launched recently. With a Lamborghini badge on th...
Photo
Many car mods claim to increase your horsepower and make you the next Brian O'Conner, but how...
Photo
Nissan Japan revealed that a brand new R35 GT-R has been donated o the local police force in Toch...
Photo
We all know engine oil changes won't take much time. But when Bugatti tells its Veyron owners...
   Lifestyle Articles