Sunday , April 18 2021

Tesla's losses over three months exceed $ 700 million

The founder of the company, Ionon Masks, promises that Tesla will start earning in the third quarter of 2019.

Electricity producer Tesla suffered a loss of $ 702 million in the first quarter of this year, according to a company report. Also, sales are not expected as expected – 63,000 cars have been sold, which is 31% less than the same period of the previous year.

The founder of the company, Ionon Masks, vowed that Tesla would return to profit in the third quarter of 2019. In addition, it is planned to increase production of electric vehicles to 400,000 units this year.

In March, Tesla unveiled its new compact model Y, based on the Sedan 3, equipped with two electric motors, and will be offered with batteries of various capacities at a price starting at $ 39,000.

In the near future, another electric vehicle is planned. It will be a pickup with a futuristic design in cyberpunk style, which will already be equipped with two electric motors in standard, all-wheel drive and without an additional charge can drive around 650-800 kilometers.

Tesla, specializing in the production of electric vehicles, was established in 2003. In 2008, the first model, Tesla Roadster, was released, but in 2012 it joined the Sedan Model S.

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