{"id":235886,"date":"2017-11-02T15:21:24","date_gmt":"2017-11-02T13:21:24","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=235886"},"modified":"2017-11-02T15:23:36","modified_gmt":"2017-11-02T13:23:36","slug":"tesla-posts-big-loss","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/motoring\/235886-tesla-posts-big-loss.html","title":{"rendered":"Tesla posts big loss"},"content":{"rendered":"<p>Tesla has reported a wider-than-expected quarterly loss, according to <a href=\"https:\/\/finance.yahoo.com\/news\/come-tesla-earnings-tsla-195239276.html\" target=\"_blank\" rel=\"noopener\"><strong>Yahoo Finance<\/strong><\/a>.<\/p>\n<p>&#8220;Tesla&#8217;s negative free cash flow swelled to $1.4 billion, more than analysts had expected,&#8221; stated the report.<\/p>\n<p>The company said it would\u00a0cut production of its Model S and Model X vehicles to &#8220;redeploy resources toward the Model 3&#8221;. This is set to result in a 10% drop in production for the two models.<\/p>\n<p>Tesla then expects to produce 5,000 Model 3 vehicles a week by the end of Q1 2018.<\/p>\n<p>This follows Tesla head Elon Musk recently describing the Model 3 as being &#8220;deep in production hell&#8221;.<\/p>\n<p>Its Q3 statement also reported revenue of\u00a0$2.98 billion and an adjusted loss per share of -$2.92.<\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/business\/235852-autotrader-now-part-of-naspers.html\" rel=\"bookmark\">AutoTrader now part of Naspers<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Tesla has reported a wider-than-expected quarterly loss.<\/p>\n","protected":false},"author":23,"featured_media":161424,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[29366],"tags":[20719],"class_list":["post-235886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-tesla"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/235886"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=235886"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/235886\/revisions"}],"predecessor-version":[{"id":235890,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/235886\/revisions\/235890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/161424"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=235886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=235886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=235886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}