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: 1,321 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
The MCF Hangout with Jetabout Holidays, held at CoSpace at Science Park, offered attendees a tast...
POPULAR BLOG POSTS
Photo
Nissan believes that price difference between (Electric Vehicles )EVs and non-EVs will be gone in...
Photo
Here's a first look at the next-generation BMW M135i. Leaked by Bimmerfile, the new 1 Series...
Photo
Interior spy shots of Mercedes-Benz's all new S-Class has been realised online and we are sho...
Photo
Bugatti has just released a new video of its 3D-printed titanium caliper. The video shows how we...
Photo
A photo of the upcoming 992 generation Porsche 911 Turbo has been leaked onto the internet. Could...
   Lifestyle Articles