It is the 19th of November 2019

News

Tesla Slumps As Model 3 Disappoints Despite "All-Time Best Quarter" For Model S, X Deliveries

Three months after Tesla disappointed shareholders by missing "bigly" on Q2 deliveries, Elon Musk has learned from his mistake, and reported Tesla's "all time best quarter" for Model S and X deliveries in Q3, with a total of 26,150 vehicles, more than the 25,000 expected, of which 14,065 were Model S and 11,865 were Model X, reversing the Q2 drop in the car which has received increasingly mixed consumer reviews.

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Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to be getting worse with each passing quarter.

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Porsche And Mercedes Plot Musk Offensive With "Anything Tesla Can Do, We Can Do Better" Strategy

Tesla you have a problem, well several actually.

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Tesla Burns A Record $13 Million Per Day In Q2... And It's About To Get Worse

One month after Tesla stock tumbled when the electric car maker announced that it had missed Wall Street estimates for the second quarter, delivering only 22,000 vehicles instead of the 22,912 expected, moments ago Tesla reported adjusted, non-GAAP Q2 earnings which beat expectations, with an adjusted loss of $1.33, better than the -$1.88 expected, which curiously was identical to the -1.33 loss in Q1. 

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