Tesla finished the first quarter with a loss and revenue worse than forecasts


The American company Tesla, specializing in the production of electric cars and solar panels, reported a net loss of $702,135,000 in the first quarter of 2019. The index slightly decreased compared with a loss of 709 million 551 thousand dollars a year earlier. The loss, which does not take into account one-time expenses and income, amounted to 2 dollars 90 cents per share, having decreased from 3 dollars 35 cents per share a year earlier, but being higher than economists' forecast of 1 dollar 15 cents per share. At the same time, Tesla Chief Financial Officer, Zach Kirkhorn, believes that the company can return to profit in the third quarter of this year. The company retained the forecast for the supply of electric vehicles in 2019 in the range from 360 thousand to 400 thousand cars. If the forecast is justified, then the supply for the year will increase by 45-65%. Since the beginning of the year, Tesla's capitalization has decreased by more than 22%.

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