04 May '17, 6pm

Tesla Says Revenues Up and Model 3 Is On Track

Tesla Says Revenues Up and Model 3 Is On Track

Yesterday Tesla reported revenue according to generally accepted accounting principles of $2.7 billion, up from $1.6 billion last year, with a larger net loss than expected. Shareholders are watching carefully to see how Tesla handles the launch of the Model 3, which CEO Elon Musk affirmed is on schedule for production starting in July. Critics warn that the electric automaker won’t be able to hit the grand target of producing 500,000 vehicles starting next year, which would be six-times Tesla’s 2016 production. Musk spent some of his time yesterday on a conference call clarifying the difference between the Model S and the Model 3. Selling upscale option packages on the Model S and Model X have been a big part of Tesla’s revenue climbing in the past year. Musk wants to make sure the more affordable Model 3 doesn’t hurt luxury sales. Model 3 prototype. “We have seen some im...

Full article: http://www.hybridcars.com/tesla-says-revenues-up-model-3-...

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Give this a look : 3" Sandal | Clear

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