Tesla noted that its non-Generally Accepted Accounting Principles revenue for the second quarter was $1.2 billion – $955 million in GAAP revenue.
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Explaining the sales forecast cut, the company said in a statement: ”While our equipment installation and final testing of Model X is going well, there are many dependencies that could influence our [fourth-quarter] production and deliveries“.
During 2QFY15, Tesla produced 12,807 vehicles, exceeding its targets with improved production-line efficiency.
Tesla Motors’ Twitter and YouTube page has revealed a video showing a robotic arm prototype designed to charge up its Model S auto.
Particularly in an industry as capital intensive – and competitive – as cars.
In March, the company said it would deliver 55,000 vehicles this year.
In the earnings report, Tesla announced plans to produce over 12,000 vehicles in 3QFY15, a 60% hike over 3QFY14.
“Simply put, in a choice between a great product or hitting quarterly numbers, we will take the former”, he wrote in a letter to shareholders. “To build long-term value, our first priority always has been, and still is, to deliver great cars”. He’s co-founder and CTO of the mobile security firm Lookout, and along with CloudFare Principal Security Researcher Marc Rogers, he spent somewhere around 2 years digging through the computerized architecture of the Tesla Model S, looking for vulnerabilities to exploit.
Tesla stock fell 5.8 per cent to $US254.35 ($345.88) at 7.25pm New York time after tumbling as much as 9.3 per cent following regular trading.
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Tesla Motors on Wednesday posted a loss of almost $185 million in the second quarter and adjusted its figure for 2015 deliveries, which was accompanied by a drop in its stock price. Tesla also said it will ramp up production and delivery of its Tesla Energy suite of batteries for use by homes, commercial businesses and utilities in the fourth quarter.
