Tesla reported a loss of $293m (£220m) for the second quarter - the electric car maker's thirteenth consecutive quarterly loss.
Sales for the period from April to June were $1.3bn, which was less than analysts' forecasts of $1.6bn.
delivered 14,402 cars during the quarter missing its target of 17,000.
It
is the second consecutive quarter that Tesla has missed production
targets, raising doubts about whether it will reach its full year goal.
Tesla reported that nearly half of its second quarter production occurred in the final four weeks of the quarter.
But the company said it was on track to deliver 50,000 Model S and Model X vehicles in the second half of the year.
New vehicles orders rose by 67% compared to the same time last year.
"Making
cars is hard... and they still are in the growth stage. The market
seems to want to give [Mr Musk] the benefit of the doubt," said Ivan
Feinseth an analyst at Tigress Financial Partners.
In the second quarter Tesla completed the design work on its Model 3
sedan and intends to start production before the end of the year.
The
Model 3 is Tesla's attempt to widen its market appeal with a more
affordable car. Its starting price is expected to be $35,000.
Expansion plans
The
company also plans to add new stores in Taipei, Seoul, and Mexico City
along with extra outlets in markets where it already has a presence,
such as California.
Tesla's chief executive Elon Musk announced
last month plans to expand the company's vehicle line to include
electric trucks and buses.
He opened the firm's Gigafactory in
Nevada last week which Tesla promises will dramatically lower the cost
of batteries for cars.
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