Revenues climb again grow, but the company is still suffering losses from

Revenue has been climbing to 6.35 billion during the second quarter of 2019 to reduce the gap losses compared with the previous period.

إيرادات تسلا تنمو من جديد لكن الشركة مازالت تعاني من الخسائر

The company issued delivered its financial report for the third quarter of the current year 2019, has been shown in achieved revenue of $ 6.35 billion compared with 4.5 billion in the first quarter of this year, so after delivered 95,356 electric car during the last quarter to be a record for sales of the company. But this revenue to its owner a net loss of about 408 million during the same period.

The company had faced a loss of about a$ 700 million during the first quarter, but these losses were somewhat reduced to 408 million.

Which means that Tesla has been able to achieve remarkable progress in their way to profits during the coming period with the growth of its revenues.

And climb it on its way to achieve the net profit during the second half of the current year, i.e., it will bypass the issue of consecutive losses that have seen her for a long time in spite of the growth of revenue mutual. Where they seek to sell 360,000 cars to 400,000 cars by the end of the year to get there.

It may not be easy, but the company hopes to manufacture and model to Model 3 of its cars in China to that point.

It should be noted that the results came below the average for the experts of Wall Street, what contributed with grateful Tesla shares after its financial report.


Source:

Tesla Blog

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