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Tesla quarterly reported a record loss, saying that "lessons have been learned".

Enlarged font  Narrow font Release date:2018-06-16  Browse number:17
Note: Tesla, the US electric vehicle maker, has announced a record quarterly loss. Tesla said it had learned some lessons from
 Tesla, the US electric vehicle maker, has announced a record quarterly loss. Tesla said it had learned some lessons from the production plan of Model 3.
Tesla's new vehicle Model 3 is crucial to the future of the car company, but the production of this model has so far been in a bottleneck.
Tesla's latest report shows that Tesla lost nearly $680 million in the fourth quarter of last year, a figure of 120 million US dollars a year ago.
However, according to the earnings report, Tesla's revenue increased to $3 billion 290 million during the quarter, and it is also addressing the problems faced by Model 3 production.
Tesla 7, said: "sometime in 2018, we expect to start a positive and stable quarterly revenue."
Model 3 entered the US market last year at a price of $35 thousand per vehicle. Tesla described it as the most affordable vehicle, hoping that this vehicle could greatly increase the attractiveness of Tesla electric vehicles.
Model 3 models are indeed cheaper than Tesla's existing models. For example, the price of Model X and Model S exceeds $70 thousand.
Tesla's expectations show that CEO Elon Mask continues to be optimistic. Mask set up a military order last month. He said that unless Tesla achieves ambitious financial objectives in the next 10 years, he will not get paid.
Mask set a target of $650 billion in value for Tesla.
However, investors seem to have little confidence in Tesla. Tesla shares fell in the day's after hours trading.
Tesla was founded in 2003. According to Broadcasting British Corporation (BBC) data, the company set up 330 stores and service outlets around the world. Mask is also chief executive of space exploration technology company.
Last March, Tencent Holdings Ltd invested nearly $1 billion 800 million to get 5% passive stock of Tesla. (Bu Xiaoming) (special draft of Xinhua News Agency)
 
 
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