this will help sentiment..for Lithium.
Tesla boosts mass market car production
Tesla Motors says it is on track to produce 500,000 vehicles in 2018, two years earlier than expected.
On Wednesday, the electric carmaker reported a first quarter loss of $282m (£195m) up from $154m last year.
The loss was in line with investors' expectations, and the announcement that it was increasing production sent its shares up 4% in after-hours trading.
Tesla had been struggling to ramp up production of its cars including its newest Model X SUV.
Production of the Model X rose from 507 in the fourth quarter of 2015 to 2,659 in the first quarter of 2016.
The company confirmed it was on track to deliver 80,000 to 90,000 electric vehicles this year.
Tesla said it had seen demand rise across all its models, especially its Model 3 - the carmaker's first mass-market product.
Deliveries of the Model 3 are due to hit the market in 2017 and the company received 325,000 orders for the car within a week of announcing it. This could result in $14bn in future sales.
To meet that demand Tesla has cut two years off its timeline for ramping up production.
"Increasing production five-fold over the next two years will be challenging and will likely require some additional capital, but this is our goal," chief executive Elon Musk said in a latter to investors.
Tesla said its capital expenditure - money spent to grow the company - would probably increase by 50%.
- Forums
- ASX - By Stock
- LPD
- Lithium Space
Lithium Space, page-31
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LPD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1.388K | 694.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
77 | 77284360 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 66924077 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
77 | 77284360 | 0.002 |
76 | 184090865 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 48174077 | 49 |
0.004 | 27778176 | 32 |
0.005 | 12046941 | 12 |
0.006 | 2391995 | 7 |
0.007 | 1047189 | 5 |
Last trade - 11.10am 12/11/2024 (20 minute delay) ? |
Featured News
LPD (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online