Jump to content
  • 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

User Feedback

Recommended Comments

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*)

 

View full article

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

..

daves87rs

Members

There is a chance here...hoping they get there!

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Add a comment...