Analysts expect Tesla 2Q revenue gain but big net loss

August 01, 2018 - 7:02 am

Tesla's second-quarter revenue should grow by more than $1 billion as it delivered more Model 3 electric cars. But analysts predict it won't be enough to stop the company's net loss from rising dramatically when the Palo Alto, California, company reports earnings after the bell Wednesday.

Analysts polled by FactSet expect a net loss of $629.9 million, 87 percent worse than the same quarter a year ago. Revenue should rise 43 percent to $3.99 billion.

Investors will be paying particular attention to how much cash the company burned up from April through June, with many questions about whether Tesla can generate enough money to pay debt, cover expenses and hold off returning to the capital markets for more cash.

Some analysts are predicting a widening loss.

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