Tesla suffered the biggest quarterly finance loss in history

The company of the production an electric cars told about its financial results for the 1st quarter of 2018.

In January-March 2018, the Americans continued their decline downward. The new result was the 5th in a row for Tesla with a big "minus".

For the first 3 months of 2018, the company's loss reached $ 709.6 million. On a new large quarterly loss wrote to Reuters. For 3 months of the last year the same period of time reached $ 330 million. Comparing the fourth quarter of 2017, the manufacturer managed to raise the revenue by 1% (at that time the loss was $ 675 million).

By the way, analysts thought that Tesla will receive much larger figures for the loss for Q1 2018. The company states that the profit is expected for the 3rd quarter of this year if they manage to fulfill the declared volumes for the production of Model 3, which make up 5,000 cars a week. Now, there are made 2,270 cars.