Tesla archives the first quarter of the year with record revenues, production and deliveries, but also with a worse-than-expected loss. Between January and February, the electric car group led by Elon Musk went into red of $397,2 million ($2,04 per share), more than 100 million more than the 283 million recorded in the same period of 2016 (equal to $2,13 per share). There adjusted loss it was $1,33 a share, higher than the 81 cents expected by analysts but lower than last year's $1,46.
As for the revenues, more than doubled to $2,7 billion, beating market forecasts ($2,61 billion). This is the highest value ever recorded by Tesla. The market has focused on deliveries record, equal to 25.051 cars, half of the target for the first half of the year (50 units).
Tesla will publish the forecast for the second half of 2017 after the start of production, in July, of the Model 3, the four-door sedan designed for the mass market with a starting price of 35 thousand dollars. For its development the company spent 622 million dollars.
Il Tesla stock on Wall Street it suffered a 2,5% post-market drop, similar to the one it ended the session with, at $311,02, with investors still waiting to settle the bills. However, year-to-date the stock is up 45,55%, while over the past 12 months it has soared 34%.
