Tesla Motors Delivers More Cars During Q2, But Loses $184 Mil

Last week, Tesla Motors released its quarterly earnings, validating the electric-carmakers own speculation of a (perhaps unsurprising) net loss to the tune of $184 million. Undoubtedly chief among the automaker’s expenditures was gearing-up for the introduction of the oft-delayed, much-anticipated Model X pure-electric crossover later this year.

Still, Tesla Motors remains as optimistic as its shareholders, as deliveries of the Model S sedan were also up to 11,532 – an increase of nearly 15 percent over the previous quarter. And, Tesla Motors’ own projections of Q2 losses were substantially more pessimistic than the reported outcome.

Meanwhile, according to Autoblog, Tesla Motors has expressed some doubt as to whether production of the Model S and Model X will meet the company’s goal of 55,000 units for the year. The automaker has revised its projections to “50,000 to 55,000,” citing both that the two EVs will share a production line, and that suppliers may not be able to match production demands.

After all, as Tesla Motors CEO Elon Musk told investors during a conference call, the Model X crossover is “the hardest car in the world” to build. The Tesla Motors CEO further stated that “in a choice between a great product or hitting quarterly numbers, we will take the former.”

Aaron Birch is an automotive enthusiast and writer/filmmaker from Detroit, MI. As a rule, he only buys cars older than himself.

No Comments yet

Leave a comment