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Tesla is bleeding $4000 for every Model S vehicle that it sells

For each Model S electric vehicle sold, Tesla loses over $4000
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Aug 10, 2015 4:46 am

Tesla Motors might have one of the most exciting cars on the market with its Model S electric car, but the company lost a huge $359 million on the Model S last quarter alone.

 

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$359 million over a three-month period is a hefty $4000 per car sold, with the company aiming to cut its production targets for the rest of this year, and into 2016. Elon Musk has even been tempted of raising more capital and also didn't rule out selling more stock. Tesla shares fell 9% on Thursday, and another 2% on Friday as investors begin to "weighed the risks of Musk's ambitious plans for expanding Tesla's auto and energy-storage businesses", reports Business Insider.

NEWS SOURCES:Businessinsider.com

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