Tesla's losses for Q2 2016 were $184, up from $293mm the previous year, while operating expenses rose by around a third to $513m. Tesla said the losses were due to "engineering, design, and testing expenses related to Model 3 supplier contracts, and higher sales and service costs associated with expanding our geographic presence." Some analysts asked how long the company could lose money before investors' patience ran out while others pointed to improvements in manufacturing and a reduced delivery backlog.
Tesla's losses for Q2 2016 were $293m, up from $184m the previous year, while operating expenses rose by around a third to $513m. Tesla said the losses were due to "engineering, design, and testing expenses related to Model 3 supplier contracts, and higher sales and service costs associated with expanding our geographic presence." Some analysts asked how long the company could lose money before investors' patience ran out while others pointed to improvements in manufacturing and a reduced delivery backlog.