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Tesla $619.4 million loss in Q3


jasonj80

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Tesla reported a $671 million loss this quarter - only have $3.5 Billion cash on hand and expect to spend 1 Billion in 4Q

Its total liabilities are now up to $22 billion following the investment the company has made in both the Model 3’s Fremont, California assembly line and the Nevada Gigafactory. So they will need to be issuing more stock soon.

Loss per share of $2.92 vs. $2.29 expected according to Thomson Reuters

Revenue of $2.98 billion vs. $2.95 billion expected according to Thomson Reuters

 

If the roomers are true and BMW launches the electric 3 Series in LA next month with production starting next year it will make it harder and harder on Tesla.


https://www.cnbc.com/2017/11/01/tesla-q3-2017-earnings.html

They are showing the Semi Nov 16th,

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