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"The Q3 Q2 results reflect our ongoing efforts and expectations

Dec. 15, 2018 by Catherine Pope

"The Q3 Q2 results reflect our ongoing efforts and expectations in maintaining Q3's strategic vision of building new businesses across all industries," said CEO Elon Musk in the company's quarterly earnings call. "We continue to invest in new ventures and create new products in the service area, and we believe the Model S will continue to achieve our goals as a result of our leadership and vision. We also continue to execute on our vision of building out the world's most advanced personal car and continue to achieve the most advanced technologies for our customers and customers around the world."

Tesla shares are up 4 percent for the year and are up 14 percent for the year-earlier period.

The Q3 results were held up by a number of factors such as the company's increased competition, its ability to raise capital from new investors and the results of its investment in a number of new Tesla business models.

The company also posted a quarterly loss of $743 million, and has posted a net loss of $719 million compared to the year-earlier period.

Tesla shares have fallen in value in the last year, and are up 6 percent in the last 24 hours.

Tesla is poised to unveil its first new Model 3 at the end of October. The company expects to debut the car early in the new year, but it's unclear whether it will make any sales in the near or long term.The Supreme Court has made it possible for an unborn child to be taken from his mother for adoption if the child is diagnosed with Down's syndrome, the UK's first child-rearing system.