Looking forward, Tesla announced the mass production of Model 3 in September this year.
February 23 news, according to Reuters, Tesla today released the company's fourth quarter 2016 financial report, financial report showed that the company's fourth-quarter loss compared to the same period last year, and announced that its economic electric vehicle Model 3 will be Mass production began in September this year. Tesla said that it expects to deliver a total of 47,000 units to 50,000 Model S and Model X electric vehicles in the first half of this year. The delivery volume will increase by 61% to 71% over the same period of last year. The company stated that it will invest $2 billion to 2.5 billion in capital expenditures before the Model 3 begins mass production. Tesla's stock price closed at 273.51 U.S. dollars in regular trading on Wednesday, down 1.4% from the previous day. In the after-hours trading, as of press time, the company's stock price rose 1.66% to 278.06 US dollars. The company has been investing heavily in the manufacture of its latest model number 3 and the super battery plant Gigafactor. Gigafactor is based in Nevada, USA, with an investment of US$5 billion. In view of Tesla’s relatively high price increase, many analysts believe Tesla will seek capital financing in the coming months. The company, headed by billionaire entrepreneur Elon Musk, took a big bet on the Model 3 to help the company achieve its target of producing 500,000 cars by 2018. . Tesla’s total operating expenditure in the fourth quarter was US$702 million, which was a 46.6% increase from the same period last year. The company’s fourth-quarter results include the solar company SolarCity’s performance acquired last year. Previously, analysts conducted extensive predictions on how Tesla incorporated SolarCity's performance into its performance. In the fourth quarter ended December 31, 2016, Tesla’s net loss attributable to common shareholders was US$121 million, and the diluted loss per share was US$0.78; the net loss for the same period last year was US$320 million, which was diluted per share. Loss of $2.44. Tesla’s total revenue for the fourth quarter was $2.285 billion, an increase of 88% from $1.214 billion in the same period last year. As of Wednesday's close, Tesla's share price has risen 53.9% over the past 12 months. Indoor Poster Led Display,Indoor Poster LED digital signage,Indoor Poster LED display show,Floor Standing LED Poster digital signage,LED Mirror Ad Players,Cascade connection Poster LED display Shenzhen Xinfei Century Technology Co., Ltd. , https://www.rgbdancing.com