Despite being EVs, the Tesla Model S and Model X have stalled within the gross sales division this 12 months.
In 2018, the Model three set the bar excessive; reaching standing because the best-selling EV on the planet in, with 250,000 automobiles offered that 12 months alone.
Moving ahead to this 12 months, Tesla made and delivered extra automobiles in 2019’s second quarter than every other quarter in firm historical past; producing $6.three billion in income. Thanks to a $2.7 billion capital increase in May, Tesla managed to complete the quarter with $5 billion. money
On the flip facet, the corporate nonetheless misplaced $408 million throughout this era, on prime of the $702 million loss within the first quarter. The firm’s inventory additionally dropped greater than $150 between January and June. But what’s inflicting the massive losses?
Responsible for $117 million are restructuring expenses
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