According to Reuters, Tesla released its fourth-quarter 2016 financial report, which showed that the company’s fourth-quarter loss was lower than the same period last year, and announced that its economical electric vehicle Model 3 will begin mass production in September this year. . Tesla said it expects to deliver a total of 47,000 to 50,000 Model S and Model X electric vehicles in the first half of this year, with deliveries increasing 61% to 71% from the same period last year. The company said it will invest between $2 billion and $2.5 billion in capital expenditures before Model 3 begins mass production. On the Nasdaq's regular trading Wednesday, Tesla shares closed at $273.51, down 1.4% from the previous day. In after-hours trading, the company's share price rose 1.66% to $278.06 at the time of publication. The company has been investing heavily in the manufacture of its latest model 3 and the super battery factory Gigafactor. Gigafactor is based in Nevada, USA, with an investment of $5 billion. In view of the relatively large increase in Tesla's share price, many analysts believe that Tesla will seek capital financing in the coming months. The company, led by billionaire entrepreneur Elon Musk, made a big bet on Model 3 to help the company achieve its goal of producing 500,000 cars by 2018. . Tesla's total operating expenses for the fourth quarter was $702 million, an increase of 46.6% over the same period last year. The company's fourth-quarter results include the performance of SolarCity, a solar-powered company acquired last year. Previously, analysts made extensive predictions about how Tesla incorporated SolarCity's performance into its performance. In the fourth quarter ended December 31, 2016, Tesla's net loss attributable to common stockholders was $121 million, and diluted loss per share was $0.78; net loss for the same period last year was $320 million, diluted earnings 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% in the past 12 months. New Energy Collection Power Cable & Connection Cable New Energy Collection Power Cable & Connection Cable_Renewable Energy Power Cable_Energy Harvesting Cable_Electrical Connection Cable Dongguan Yiyou Electronic Technology Co., Ltd. , https://www.yiucn.com
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