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  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    Tesla Revenue Grows but So Do Losses

      Telsa's revenue doubled in the first quarter of 2017, but net losses grew to $330m.

    In their recent shareholder update for 2017, Tesla reported strong Q1 revenues of $2.7 billion dollars, more than doubling performance of the same quarter last year and an improvement of $411m over the final quarter of 2016. However, losses also grew from $282m last year to $330m in 2017, or a per-share loss of $2.04.

    Tesla reports that most of the loss comes from capital expenditures for the Model-3 development, Gigafactory development, and acquisition related activity surrounding SolarCity. 

    Subtracting SolarCity revenues, Automotive related revenue is reported at $2.289 billion, up 123% year over year.  Vehicle margins excluding ZEV credits are at 27.8%. 

    Energy generation revenue is up significantly over Q4 2016 to $214m. 

    Currently, Tesla is sticking with an outlook of 61% to 71% growth in annual vehicle deliveries, however Tesla indicated they will revise this guidance in Q3 after Model-3 production begins in July. 

    Photo courtesy of Tesla Motors

    Tesla Q1 2017 Shareholder Update (*PDF Warning*)

    Edited by Drew Dowdell

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    A Horse With No Name
    1 hour ago, Drew Dowdell said:

    In their recent shareholder update for 2017, Tesla reported strong Q1 revenues of $2.7 billion dollars, more than doubling performance of the same quarter last year and an improvement of $411m over the final quarter of 2016. However, losses also grew from $282m last year to $330m in 2017, or a per-share loss of $2.04 per share.

    Tesla reports that most of the loss comes from capital expenditures for the Model-3 development, Gigafactory development, and acquisition related activity surrounding SolarCity. 

    Subtracting SolarCity revenues, Automotive related revenue is reported at $2.289 billion, up 123% year over year.  Vehicle margins excluding ZEV credits are at 27.8%. 

    Energy generation revenue is up significantly over Q4 2016 to $214m. 

    Currently, Tesla is sticking with an outlook of 61% to 71% growth in annual vehicle deliveries, however Tesla indicated they will revise this guidance in Q3 after Model-3 production begins in July. 

    Photo courtesy of Tesla Motors

    Tesla Q1 2017 Shareholder Update (*PDF Warning*)

     

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    Thanks, this is actually sort of promising...glad to see them doing at least passably...

    ..

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