Tesla Lost A Staggering Amount Of Money To Start 2015

/ Comments

You don't get rich winning drag races.

The first few months of 2015 have been a mix of good and bad for Tesla. The Model S P85D has become an Internet darling thanks to its ability to eat up just about any challenger on the drag strip. The Model X SUV is coming soon and there's a new battery pack for the Roadster! The bad was revealed when Tesla's Q1 earnings were shared in a letter to shareholders. Even though 10,045 cars were delivered (and 11,160 were built) Tesla still lost $154.2 million against $1.1 billion in revenue.

Losing $154.2 million is a big deal when you're an upstart car company in a niche market. Tesla is expecting its SUV to help boost sales, with the company saying the S and X should be good for 55,000 purchases in 2015. More help will come in 2016 as the entry-level Model 3 is expected to debut in March of that year. Quarterly earnings reports from automakers are usually sleep-inducing, but when it comes to young automakers like Tesla they're worth paying attention to.

12 Ridiculously Rare Sports Cars
12 Ridiculously Rare Sports Cars
Origins Of Car Badges And Logos
Origins Of Car Badges And Logos
Source Credits: ir.teslamotors.com

Join The Discussion

Gallery

1
Photos