Tesla's capacity growth in the second quarter continued to increase

Tesla recently announced the company's second quarter financial report, the report shows that the company's new energy vehicles, battery production will continue to grow, electric vehicles, the total output of 18,000 new cars this quarter, and an average weekly output of 2000 The production speed of the vehicle, resulting in a year-on-year revenue of 1.6 billion US dollars, rose 31% gross margin of 20.8%, while the actual loss of non-GAAP is 150 million US dollars, a loss of 1.06 US dollars per share, almost the market expected 2 Times, but Tesla said that it does not seem to care about the expansion of losses, continue to increase investment in production.

Tesla Model S electric car

Tesla (Nasdaq: TSLA) announced its latest earnings report on August 4. The company's new energy vehicles and battery production continued to grow in the second quarter of 2016, but the net loss under non-GAAP was $150 million, lower than previously expected.

In an open letter to shareholders, Tesla highlighted the company's achievements in sales this quarter. Tesla said that the company produced a total of 18,000 new cars in the second quarter, maintaining an average production rate of 2,000 vehicles per week, selling 14,000 units, and output increased by 41% year-on-year. At the same time, Model S's global order volume increased by 45% year-on-year, and the average selling price increased by 3%.

The growth of production and sales data led to the growth of sales revenue in the second quarter. Tesla's sales revenue under non-GAAP was US$1.6 billion, up 31% year-on-year, and its gross profit margin was 20.8%.

Earlier, Thomson Reuters analysts generally expected Tesla's second-quarter net loss of $0.52 per share, while the latest financial report showed Tesla's actual net loss of $150 million under non-GAAP, a loss of $1.06 per share, almost It is twice the market expectation.

But Tesla does not seem to care about the loss expansion and continue to increase investment in production. On August 1, Tesla announced that it would spend $260 million to seek a merger with solar panel company SolarCity, which is widely believed to mean that Tesla is trying to expand its business from a single electric vehicle to a comprehensive sustainable energy sector.

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