Tesla flies to Wall Street after the publication of the accounts despite posting a loss of $336,4 million in the second quarter, up from $293,2 million in the same period of 2016. After adjusting for exceptional items, however, loss per share improved to 1,33 dollars from that of $1,61 per stock a year earlier. A better result than expected by analysts who expected a red of 1,82 dollars per share.
The data on the revenues, more than doubled from 1,27 billion to 2,79 billion. The result, also in this case, exceeds market expectations of 2,51 billion dollars.
Not only that, in the second quarter of 2017, automotive sales rose to $2,2 billion and those in the "energy generation and storage" category (which does Solar Roof) increased to $286,8 million from $3,9. 3 million. Tesla said it ended the second quarter with $XNUMX billion in cash on hand.
As regards cash, in the three reference months Tesla used $1,16 billion of cash, however a better result than what analysts had expected, who had indicated a negative cash flow of 1,3 billion.
However, in the letter sent to shareholders by the number one of the US giant, Elon Musk reassured investors, saying that the three billion in liquidity and the cash that will be generated in the second half of 2017 will be enough to finance capital expenditure (estimated at two billion dollars by the end of 2017) and to provide the necessary flexibility to ad accelerate production of the Model 3, the electric car designed for the mass market (cost 35 thousand dollars).
Explanations that seem to have convinced Wall Street investors who, a few minutes after the opening of the Nasdaq, reward the stock with a shower of purchases. At 15.45 pm, in fact, the Tesla stock gains 6,98% to 348,63 dollars.
