[ad_1]
DUBAI (Reuters) – Tesla said Wednesday it lost $ 408 million over the three-month period ending in June, despite the delivery of a record number of cars in the second quarter.
The loss of the electric car company is much worse than that expected by Wall Street: Tesla has dropped more than 10% after trading hours, following the new earnings report.
Despite the recent loss, these reports are less painful than the previous quarter, when Tesla lost $ 702 million. The company's latest best-ever performance is a record number of shipments of more than 95,000 cars, up nearly 5% from the previous record of the fourth quarter of 2018.
The CEO of the company, Elon Musk, said during a telephone interview with badysts Wednesday afternoon that JB Strabel, one of the founding members of the company, will step down as chief from technology to become senior advisor, while vice president of technology, Drew Paglino, will badume the core of Strabel's responsibilities.
The company announced an improvement in its net profit margin for the company's best-selling car, model 3. Although the company reduced the initial price of the car in February, its average selling price remained stable in the second quarter at approximately $ 50,000. Manufacturing, according to the company.
Tesla expects a change in the results now, stating that it aims to achieve a positive net result in the next quarter. He also said that he was still about to launch a three car factory in China by the end of the year, a decision that should give the company better access to the market Asian.
Source link
