Based on the results of the first three quarters of 2017, the American electric vehicle manufacturer incurred losses of $1.28 billion. At the same time, the company's revenue grew by 23 percent and amounted to almost three billion dollars.
The main factor influencing such financial results was disruptions in the organization of production of the affordable Tesla Model 3. Many customers who placed pre-orders for this highly advertised electric car faced delivery delays and ultimately decided to return their deposits and cancel the deal.
Entering the Chinese market could help rectify the situation, where the company intends to strengthen its position by building its own plant in Shanghai.
