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Tesla balance sheet 2017: more losses and sales, share increases

Dani Heyne
Tesla balance 2017
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T esla continues to make losses: In the fourth quarter of 2017 the company lost $ 675 million (€ 550 million). That is less than expected, but more than in the fourth quarter of last year. Because sales rose surprisingly by 44 percent, Tesla shares rose by two percent after the market closed.

Sales rose to $ 3.3 billion

Sales rose in the fourth quarter 44 percent to 3.3 billion US dollars (2.7 billion euros). In the entire 2017 fiscal year, Tesla increased sales by 68 percent to 11.76 billion US dollars (9.6 billion euros). Compared to the previous year, the loss rose even faster than sales: the company lost 1.6 billion US dollars (1.3 billion euros) before taxes in 2017.

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Tesla result 2016

In the fourth quarter of 2016, Tesla was able to deliver around 22,000 vehicles, including 12,700 Model S and 9,500 Model X. In 2016 as a whole, deliveries totaled 76,230 vehicles. In October, the company had confirmed that it wanted to bring at least 80,000 cars to customers. However, Tesla adds that there are currently 6,450 vehicles in delivery, which will then be added to the 1st quarter of 2017.

Production increased significantly

The delays in deliveries are due to the Software changeover for the autopilot. In contrast, Tesla was able to increase its production figures significantly. The Americans had manufactured a total of 83,922 vehicles in 2016, which corresponds to an increase of 64% compared to 2015.

Tesla's plans for the future remain ambitious. Production is expected to increase to 500,000 vehicles per year by 2018 and to one million vehicles by 2020.

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