Tesla loses 4,000 dollar on each car sold | RetailDetail

Tesla loses 4,000 dollar on each car sold

Tesla loses 4,000 dollar on each car sold

American electric car builder Tesla Motors loses about 4,000 dollar per Model S car it produces and sells: losses grew to nearly 360 million dollar (325 million euro) in the second quarter.

Losses despite turnover increase

Tesla has to accept a loss of more than 4,000 dollar on each car sold, despite turnover growing nearly 40 % in the second quarter, up to 1.2 billion dollar (1.1 billion euro) on the back of 11,532 Model S cars sold in that time frame. It did have to deal with a 61 million dollar net loss, up from the 45 million dollar loss from last year's second quarter.


Tesla wants to launch a new model later this year, the SUV Model X, but according to car specialists, the development of any car model amounts to about 1 billion dollars. Over the course of this year, Tesla already invested some 831 million dollar, while it still has some 700 million dollar projected to invest.


The arrival of this new Model X will also lower its production capabilities, which - alongside distribution issues - has forced the company to lower its full year forecast from 55,000 cars to "somewhere from 50,000 to 55,000 cars".  For 2016, CEO Elon Musk believes his company will sell 1,800 cars per week instead of the previously-estimated 2,000 per week.

Questions or comments? Please feel free to contact the editors

Alibaba will sell cars from a vending machine


Buying a car should be as easy as buying a soda, according to Alibaba CEO Jack Ma. That is why the Chinese retailer has plans to sell cars from enormous automated machines.

“Gasoline and diesel a thing of the past in 2035”


A new ING report says that no one will manufacture any diesel or gasoline-powered cars in 2035.

Volvo will ban traditional engines in 2019


From 2019 onward, Swedish car brand Volvo will only manufacture cars with a hybrid or electric engine, eliminating the traditional models entirely.

Order at Starbucks from a Ford car


Car manufacturer Ford revealed that its cars with SYNC3 voice technology can place orders at coffee chain Starbucks directly.

Dieselgate: Renault in trouble, search warrants for Audi and VW


The storm surrounding the dieselgate scandal may have passed, there is still an ongoing investigation: in Germany, investigators went to several Audi locations and to its parent company, Volkswagen. In France, a leaked report spells bad news for Renault.

Peugeot buys Opel from General Motors


French car company PSA Peugeot Citroën has paid 2.2 billion euro to acquire German car brand Opel from its current owner, American General Motors. Thanks to the deal, PSA Peugeot Citroën will become Europe's second largest car manufacturer.