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Marina del Rey, CA, May 3, 2017
Tesla announces Revenues of $2.7Billion
versus analyst expectations of $2.62 Billion.
Per Share Loss Narrows to $2.04 versus $.2.13
Tesla Inc (TSLA.O) reported quarterly revenue that more than doubled, based on
record deliveries of its Model X sports utility vehicles
and Model S sedans.
The Company expects to manufacture 5,000 cars per week in 2017
increasing to 10,000 cars per week in 2018.
Tesla's results reflect the first full quarter that includes solar panel installer SolarCity.
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Rainer Poertner - Chief Analyst
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