Tesla lost $ 1.1 billion in the first half of 2019

Tesla lost $ 1.1 billion in the first half of 2019

Tesla (TSLA), the manufacturer of luxury electric vehicles, lost $ 1,110,469 million in the first six months of the year, 22% less than the losses of the same period of 2018.

Tesla said Wednesday that in the second quarter of 2019 he lost 408,334 million dollars, 43% less than a year ago. But losses in the second quarter were three times higher than expected by analysts, which is causing the company’s shares to be severely punished in Wall Streets, with falls that at times exceed 14%.

Losses occur despite the fact that Elon Musk’s company revenue increased in the first six months to 10,891,140 million dollars, 47% more than in the first half of 2018.

But second-quarter revenue of $ 6,349,676 million was also lower than expected by the markets, so Tesla shares fell nearly 10% in operations after the closing of the New York stock market after the dissemination of the results.

As if this were not enough, today it has also been known that a co-founder of the company that has been an executive for longer than Elon Musk will leave his position in the electric car manufacturer after pocketing about $ 30 million through sales of shares in less than nine months


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