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Tesla reports wider loss than expected, expects to be profitable in the 2nd half of the year as it ramps up Model 3 production
Some good, some not so good. No bombshells really.
Tesla Second Quarter 2018 Update (link)
Some good, some not so good. No bombshells really.
Akin Oyedele seems to be giving them a fair shake.Tesla on Wednesday reported a wider second-quarter loss than analysts had expected.
The electric-car maker beat forecasts for revenue, and its cash burn decreased compared with the first quarter.
Tesla Second Quarter 2018 Update (link)
I think Deepak is having more influence recently.We have significantly cut back on our capex projections as a result of our revised strategy to grow capacity with our existing Model 3 lines rather than adding all new lines.