Thursday , June 17 2021

Tesla showed a loss report



Tesla showed a loss report Last year, losses amounted to about one billion dollars.

According to the results of four quarters in 2018, Tesla's US car manufacturer's losses amounted to about $ 976 million or $ 5.72 per share, according to Chronicle.info, citing finance.ua.

This is stated in the company's report published on its website.

Compared to 2017, the company cut its net loss by 50%.

Revenues for the year amounted to $ 21.5 billion, up 82% last year.

In the fourth quarter of 2018 it grew to 7.2 billion dollars and the net profit for the last three months of last year amounted to about 139.4 million dollars.

In the third quarter this figure is about $ 311.5 million. This is the first case in Tesla's history when the company receives profits in the past two quarters.

Investors were not inspired by Tesla's financial reporting as analysts predicted higher earnings for the fourth quarter.

See also: Germany protests against the ban on diesel cars

At the same time, the manufacturer predicts that every quarter of 2019 will be profitable for him.

If you find an error in the text, select it with the mouse and press Ctrl + Enter


Source link