Tesla Reports Another Big Loss, But Sees Only Future Profits

Tesla Reports Another Big Loss, But Sees Only Future Profits

Tesla sets the basic price of the vehicle at $ 35,000, but at the moment it is only ordering versions from $ 49,000.

According to Johnson, "There is still a fundamental concern about the actual demand for expensive variants," he said.

Tesla's ambition is to accelerate the global transition to sustainable energy. Due to a decline in financial safety, some analysts predicted that they had to raise more funds soon, but Musk strongly criticized the decision on Wednesday.

"I will not raise the stock price at any time," he said. "Although I could certainly raise funds, I think we do not need to do it, I think it is better to discipline not to do it."

Based in Palo Alto, California, Tesla laid off 3,500 people in June, cut down about 9% of labor and reduced operating costs. He recently made rare behavior of asking some suppliers about price reductions of ongoing work already.

The burden on Tesla suppliers in the second quarter exploded and may have helped maintain the company's liquidity. The accounts payable, which is the balance sheet item of the unprocessed invoice, amounted to $ 3 billion at the end of the second quarter, an increase of more than $ 425 million from the first quarter.

But his big bets are growing. Last month, Tesla announced plans to build a new factory in China first outside the United States, and ultimately hopes to produce 500,000 cars a year.

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