KCN: TSLA CROSSED INTO POSITIVE GROSS MARGIN TERRITORY
Tesla crossed into positive gross margin territory for the Model 3 in Q2, and is forecasting levels around 15 percent in Q3 and 20 percent in Q4. Tesla is aiming to produce between 50,000 and 55,000 Model 3s in the third quarter. Tesla ended the quarter with a cash balance of $2.2 billion, about $500 million less than what it had on hand at the end of March. Going into Tesla earnings, shares were down 7.8 percent in the last year and 4.2 percent in 2018. Tesla Q2 revenue was $4 billion, up 43.5 percent year over year. Adjusted earnings per share came in at a loss of $3.06.
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The Crowdsale Network platform is based on the goal of supporting and implementing socially important projects to improve the quality of life of every person. With the advent of blockchain and crypto-currency technologies, it became much easier to attract investments into a start-up with the help of ICO than through venture funds.
The ICO means the release of tokens, and the crowdfunding is the target fundraising for the project, where the startupper does not offer investors tokens in exchange for money but something else. For example, he offers the product itself at a low price or a constant discount on all types of services of the creating business.