Thursday, August 4, 2016

Tesla s second quarter earnings losses than expected improved capacity

Tesla's second-quarter earnings: losses than expected, improved capacity

United States Pacific time on August 3, Tesla unveiled its 2016 second-quarter results, reported sales revenues, the number of delivery vehicles is less than expected, but the capacity problem has improved.

In non-GAAP standards, reported sales of $ 1.56 billion, $ 1.2 billion in the same period last year, slightly less than expected to $ 1.62 billion. Tesilaer-quarter adjusted loss of $ 1.06 per share, worse than market expectations of 52 cents a share loss.

Model s price, plus improvements in the manufacture of Model x, Tesla's gross profit margin increased. GAPP under its auto segment gross margin of 23.1%; non-GAAP standards, motor vehicle gross 21.9%.

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Tesla said in a statement, produced a total of 18,345 vehicles in the second quarter, a record, 18% increase over the first quarter of this year, a 43% increase in the same period last year. Delivered 14,402 new car for the second quarter, including 9,764 4,638 Model x and Model s, much more than expected last month. Earlier, Tesla's goal is to deliver up to 80,000 cars this year, and six months passed before 2016, it also has 50,000 of tasks to complete, so far as the current situation, for it more and more difficult to achieve this goal. However, Tesla stated that deliveries in the second quarter, almost half have occurred in the last four weeks.

In recent weeks, Tesla has been the news after one of the owners of the Model s died in auto accidents during driving, and; zhouyitesila $ 2.6 billion acquisition of solar, SolarCity has been outside the dispute. With Tesla CEO Elon Musk proposal last week long "master plan", which Tesla released second-quarter earnings results this week has attracted the attention from all walks of life. After the results are announced, Tesla's stock price fell 3.2% first, then quickly rebounded and rose 1.6%. Normal trading hours on Wednesday, Tesla shares closed down 0.62%.

Tesla's second-quarter earnings: losses than expected, improved capacity

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