Tesla Inc (TSLA) Posts Narrower-Than-Expected Q4 Loss

KeyBanc Lowers Model 3 Estimates Ahead Of Tesla's Q4 Report

"If Elon Musk of SpaceX, can do what they did yesterday in space, they're going to be able to produce the Model 3", the first mass market electric vehicle from Tesla, she said. Jennison Associates LLC grew its stake in Tesla by 17.1% in the fourth quarter.

Musk's Tesla electric vehicle and energy storage company lost $675.4m in the three months ending 31 December, the company announced on Thursday, compared with a loss of $121m for the same period a year ago.

The company released its Q4 2017 result on Wednesday night in the U.S., reporting negative free cash flow of $276.8 million - the lowest in more than a year - and $675 million in losses attributable to shareholders; notching up nearly $2 billion in losses for the whole year.

Even with the market decline of the past few weeks, Tesla's stock price is still up in 2018, despite the troubled and delayed rollout of the all-important Model 3 sedan (the beginnings of full production were pushed back to June).

Musk admitted that he'd "missed the mark on that front", regarding the original autonomous drive demonstration, but he qualified that Tesla "could've done the coast-to-coast drive [last year] but that the company "would've had to do too much custom code, effectively gaming it".

The Model 3 went on sale in the United States a year ago priced at $35,000. At one point Tesla had more than 500,000 customers on a waiting list for the Model 3.

Model S and X deliveries increased 10 percent sequentially and 28 percent year-over-year to a total of 28,425.

Tesla's energy generation and storage revenue was up 127% year over year. (ENB) is -10.41 percent while its Performance (Week) is -4.81 percent and Performance (month) is at -13.99 percent.

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Tesla delivered 1,542 Model 3s during Q4, up from 222 in Q3.

The company slightly beat Wall Street's expectations on the financial front, and said it's still targeting producing 2,500 Model 3 vehicles by the end of the first quarter. On Tuesday, September 5 Branderiz Eric sold $34,661 worth of Tesla, Inc.

The Palo Alto auto company partly blamed the worst-ever figures on the high costs related to the production of its Model 3 electric sedan, the Los Angeles Times reported on Wednesday.

Other new projects requiring high upfront investment include the recently unveiled Tesla Semi to the upcoming Model Y SUV and a factory in China.

However, it added a caveat that "our prior experience on the Model 3 ramp has demonstrated the difficulty of accurately forecasting specific production rates at specific points in time". For example, he said, the company has almost completed an automated battery module assembly line which will speed production at its Nevada battery factory.

Capex is expected to increase in 2018 to support production and build stores, service centers and Superchargers.

Bluestein R H & Company decreased Tesla Inc (TSLA) stake by 55.1% reported in 2017Q3 SEC filing. (NASDAQ:TSLA). Magnetar Fincl Limited Liability Company invested 0.04% in Tesla, Inc.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Following the transaction, the vice president now owns 20,128 shares in the company, valued at $6,740,263.36.



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