Gasgoo Motor Co., Ltd. Tesla, an American electric vehicle manufacturer, announced its financial report on November 9. The company’s third-quarter loss increased to US$34.9 million in the third quarter of 2010.
Tesla stated that the reason for the increase in losses was that the company’s car sales in the third quarter declined, and the company also invested more funds for the upcoming Tesla S electric car.
Tesla released data that Tesla Motors sold a total of 102,000 Tras electric sports cars in the third quarter of 2010, with sales volume falling by nearly half compared to the same period last year. In the third quarter of 2010, the company spent a total of 26.7 million US dollars for R&D, and in 2009 it only spent 13 million US dollars.
It is reported that in the second quarter of 2010, the US electric vehicle manufacturer Tesla’s net loss expanded more than three times over the same period last year. Despite this, Tesla still insists on launching new electric vehicles in 2012. Tesla expects that the Tesla Model S electric car being developed will be available for sale in the middle of 2012. The car is priced lower and is expected to be competitive in the electric vehicle market.
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