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re: Tesla is just months from a total collapse, says hedge-fund manager
Posted on 5/2/18 at 3:29 pm to wutangfinancial
Posted on 5/2/18 at 3:29 pm to wutangfinancial
Tesla reporting.. Up some after hours @ $305
2270/wk Model 3 production for April. Projection remain the same.
$2.46bil cash on hand at the end of the quarter. About 1bil cash burn in Q1.
2270/wk Model 3 production for April. Projection remain the same.
$2.46bil cash on hand at the end of the quarter. About 1bil cash burn in Q1.
This post was edited on 5/2/18 at 3:30 pm
1
Posted on 5/2/18 at 3:35 pm to lsu xman
quote:
Tesla said it lost $709.6 million in the quarter, or $4.19 a share, compared with a loss of $330.3 million, or $2.04 a share, in the year-ago period.
Adjusted for one-time items, the company lost $3.35 a share, compared with $1.33 a share a year ago. Sales rose to $3.41 billion, compared with $2.70 billion a year ago. Analysts polled by FactSet had expected an adjusted loss of $3.54 a share on sales of $3.28 billion for the quarter.
Tesla said it expects a GAAP profit and positive cash flow in the third and fourth quarters of 2018. It also reduced its capital expenditures projections for the year, to $3 billion from $3.4 billion.
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