Tesla second quarter earnings loss widened multiple challenges

Posted on 8/20/2015 5:12:38 PM

Recently, Tesla released the 2015 second quarter earnings. In accordance with the relevant accounting standards statistics, Tesla second quarter revenue compared with $ 769 million the same period last year grew 24% to $ 955 million, the company net loss of $ 184 million, a year earlier loss of $ 61.9 million, an expansion of 197% ʱ??
Tesla officials said loss widened for two main reasons: First, the continued investment in a new battery plant in Nevada and purchase of related equipment, the second is the level of research and development funding than expected.
To this end, Tesla has announced the issuance of 210 million shares, the proposed financing of $ 500 million.Uganda plungers After the capital increase, Aug. 19, Morgan Stanley analysts said in a report released said it would increase to $ 465 / share price target on Tesla, Tesla compared to Friday's closing price of $ 243 / share growth 90%.
This will in turn become a new round of capital market bubble? Autumn Wing auto analyst to the "Daily Economic News" reporter, said Tesla is still in progress, but also is suffering a new round of challenges.
Auto analyst Su Hui also on the "Daily Economic News", told reporters that "new energy vehicles in China's audience is still small, Tesla only strange new concepts and new energy gimmick want in China's automobile market turn overtaking almost impossible. "
Some analysts said, Tesla experienced a crisis management company founded early, after the shock of the financial crisis spread to three and IPO after the "hurdle", is suffering from a fourth field "crisis." Tesla real problem encountered is that it is no longer a Silicon Valley start-ups, will compete as a real car manufacturers and competitors, this is not only a test of Tesla's entrepreneurial inspiration, but also in research and development, procurement, size, cash flow many areas, quality control and other industries involved in the competition.
Currently, Tesla ModelS already on the market, and are trying to launch a new car ModelXSUV models. This is expected to be delivered in September of Tesla's first SUV, next year in order to come to the Chinese market, Tesla Management Team is eagerly looked forward to China car sales in China to become Tesla "catalyst."
However, the current market performance, Yong told reporters autumn, domestic Tesla is still not solve the problem short term. Meanwhile, with the popularity of new energy vehicles in the Chinese market promotion, "cost" has gradually become a consumer considerations. This has a "rich man toy" label Tesla, the addition of a heavy challenge.

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