Saturday, 25 February 2017

Why it is not important that Tesla lost $ 219 million in the fourth quarter of 2016

Why it is not important that Tesla lost $ 219 million in the fourth quarter of 2016

Tesla has released its financial report through a report signed by Elon Musk himself and the company's chief financial officer, Jason Wheeler. The media, especially the economic ones, have launched to underline the losses of the company and take them to the owner, but precisely, is the least remarkable of this optimistic report.

In addition, we have just learned that the Tesla Model 3 is going into production in July of this year and we will have access to a configurator where we can see what the car really is. And what else? That there are more Gigafactorías of road, whose location we will know "soon".

Very ambitious objectives
Yes, Tesla reported losses of $ 773 million ( $ 736 million) in 2016, but it is up from 13% in the previous year, when $ 888 million (845 million) were lost. Why is not it news that lost $ 219 million in the fourth quarter of last year? For those millions are lost in the 2,300 million in revenue with a turnover thanks to more than 77,000 deliveries of the Model S and Model X.

Why it is not important that Tesla lost $ 219 million in the fourth quarter of 2016

Looking ahead to the first half of 2017, the firm led by Elon Musk has announced that it expects to deliver between 47,000 and 50,000 units in total for the S and X models, and intends to produce half a million vehicles annually by the end of 2018 and a million By 2020, nothing more and nothing less. Small buses, trucks and small SUVs may be added to the product mix, Tesla said.

And more Gigafatorías are on the way . Tesla said it expects to finalize plans to locate the Gigapatories 3, 4 "and possibly the 5" very soon. The huge targets that the firm has proposed will require more battery factories, and for this Gigafactory 1 in Nevada and Gigafactory 2 in New York (which is really the solar plant) is already operational.

Several European countries are lobbying to be chosen as manufacturers of the billions of batteries that will be needed. But is the Old Continent prepared for Elon Musk's challenge ?

It should be noted that there are more than 400,000 reserves of Model 3 . Although the first units will be produced in July, the bulk of production will begin in September. By the end of this year, Tesla would like to be creating 5,000 Model 3 units each week, to double that production in 2018.

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