Tesla lost money in the second quarter

25 July 2019

Tesla lost in the first half 2019 $1 billion

 Today, the American company Tesla Inc. reported financial results for the second quarter of this year. Thus, in April–June, the manufacturer was able to deliver record quarterly growth of production and sales of electric vehicles, which delivered 95.2 thousand, However, the result of shock's work became not profit hoped for Elon Musk, but a very serious loss, amounting to $408 million, which was twice that predicted by stock analysts.
However, the balances Tesla Inc. most of her stories are in the "red zone" and therefore the situation is not overly dramatic, as she had to lose over the quarter and over billion. So: "Houston – the flight is normal". Of the $408 million of the net loss of approximately $117 was spent on restructuring and "other reasons". Tesla Inc. unable to find additional financing of $2 billion, and increase the amount of cash and cash equivalents to $5 billion Margin again declined to 19%, which is slightly less than 20% in the last quarter.
Just ahead of Tesla's ambitious plans, such as: new Shanghai factory (Gigafactory 3) will launch production of the Chinese version of the sedan Tesla Model 3 to the end of this year, and in the second quarter there were imported equipment. The initial capacity of the Shanghai plant will amount to 150 thousand cars, and by July of 2020 will grow to 500 thousand In his native Fremont "Girafarig No. 1" already reached the level of performance of Model 3 to 7,000 units per week, and by the end of the year performance is expected to increase to 10,000 electric vehicles of all models. In addition, it confirmed the launch date of a series of crossover Tesla Model Y, which will begin to roll off the production line in the fall of 2020. Standardization of aggregate base with Model 3, the higher price can be expected from new higher margin. In 2020 the series will go: the second generation of the sports car Roadster, long-haul tractor Semi and easier Pickup, which premiere should take place this year. In addition, the market will be the technology of automatic driving – proprietary system Autopilot and corporate service raidering Tesla Network.
By the way, in April of this year, Tesla introduced the automotive SoC own development of Full Self-Driving (FSD) for further empowering the "full autopilot" Tesla. Until the end of the year all Tesla model on a new platform with advanced Full autopilot Self-Driving will recognize markings and traffic signals that will allow you to automatically move not only on motorways outside the city, but on city streets.

In the second quarter, Tesla opened 25 new stores and service centers. A global network of fast charging stations Tesla Supercharger increased to 1600 posts, and late last year began deploying a new generation of fast charging stations Tesla Supercharger V3 with twice 250 kW maximum power.
Production forecasts for this year are in the range 360– 400 thousand electric cars. For the first half it produced 158 thousand electric cars, which should result in a new production records – not less than 100 thousand electric cars in the third and fourth quarters. Therefore, Tesla is promising to take "zero" in the third quarter, and the fourth to achieve profit.
Demand should support the fact that government subsidies for electric vehicles are the last three months. At the end of the year will also have and selling to third-party manufacturers accumulated ecological credits. However, investors did not share such a moderate optimism to the company and in the first hours after the announcement of financial results have fallen off the company's shares by 10%..