Sam Felder
Per share loss of Tesla Motors (except for certain balance sheet items) amounted to $ 1.06 in the second quarter of 2016, which was worse than not only the result for April-June 2015 ($ 0.48), but the forecast of analysts polled earlier by Reuters ($ 0.52).
Revenue, including sales of Model S and Model X, amounted to approximately $ 2.417 billion in the first half of 2016, more than a quarter higher than revenues for January-June 2015.
In total, Tesla sold 14402 vehicles in the world in second quarter 2016 (9764 and 4638 of Model S and Model X, respectively), which is considerably less than planned 17 thousand cars. At the same time, the company plans to sell about 50 thousand new Model S and Model X in the second half of the year, bringing the production of these vehicles up to 2400 units per week.
In addition, the company is planning to spend $ 2.25 billion on launch of a new car Model 3. The report stresses that the company completed development phase of the new machine design, and installation of the production capacity needed to launch the release.
"We are closer than ever to launch Model 3, and, as always, are absolutely sure of Tesla’s future", - stated Head of the company's Elon Musk.
Tesla Motors’ share price on the NASDAQ fell by 0.62% the day before, dropping to $ 225.79 per share. During today's premarket trading, the securities costs rose slightly, reaching $ 226.9.
Earlier, it was announced that Tesla Motors is going to acquire SolarCity company involved in installation of solar power systems. The deal is valued at $ 2.6 billion, Tesla Motors confirmed on Monday.
In the first year of joint work, the "synergy of costs will be $150 million", the company expects. Due to prudent use of its 190 shopping centers, the company is going to reduce production costs and prices for installation of equipment.
According to Tesla Motors, this is a "full stock transaction worth $ 2.6 billion". This assessment is given on the state of affairs on 29 July on the basis of average market value of the company’s securities. Owners of SolarCity’s packages will receive 0.11 of Tesla Motors’ shares for each of their paper. The transaction by Elon Musk himself, who is Head of Tesla Motors, and has served as chairman of the board of directors of SolarCity. The businessman holds controlling stakes in both companies.
The companies expect to close the transaction in the fourth quarter of this year. The agreement is subject to approval by shareholders of both Tesla Motors and SolarCity.
source: reuters.com
Revenue, including sales of Model S and Model X, amounted to approximately $ 2.417 billion in the first half of 2016, more than a quarter higher than revenues for January-June 2015.
In total, Tesla sold 14402 vehicles in the world in second quarter 2016 (9764 and 4638 of Model S and Model X, respectively), which is considerably less than planned 17 thousand cars. At the same time, the company plans to sell about 50 thousand new Model S and Model X in the second half of the year, bringing the production of these vehicles up to 2400 units per week.
In addition, the company is planning to spend $ 2.25 billion on launch of a new car Model 3. The report stresses that the company completed development phase of the new machine design, and installation of the production capacity needed to launch the release.
"We are closer than ever to launch Model 3, and, as always, are absolutely sure of Tesla’s future", - stated Head of the company's Elon Musk.
Tesla Motors’ share price on the NASDAQ fell by 0.62% the day before, dropping to $ 225.79 per share. During today's premarket trading, the securities costs rose slightly, reaching $ 226.9.
Earlier, it was announced that Tesla Motors is going to acquire SolarCity company involved in installation of solar power systems. The deal is valued at $ 2.6 billion, Tesla Motors confirmed on Monday.
In the first year of joint work, the "synergy of costs will be $150 million", the company expects. Due to prudent use of its 190 shopping centers, the company is going to reduce production costs and prices for installation of equipment.
According to Tesla Motors, this is a "full stock transaction worth $ 2.6 billion". This assessment is given on the state of affairs on 29 July on the basis of average market value of the company’s securities. Owners of SolarCity’s packages will receive 0.11 of Tesla Motors’ shares for each of their paper. The transaction by Elon Musk himself, who is Head of Tesla Motors, and has served as chairman of the board of directors of SolarCity. The businessman holds controlling stakes in both companies.
The companies expect to close the transaction in the fourth quarter of this year. The agreement is subject to approval by shareholders of both Tesla Motors and SolarCity.
source: reuters.com
