By Hilbert HagedoornJanuary 25, 2018 13:25:23For a video marketing company, January is always a bit of a difficult month.
Tesla and Facebook both reported big quarterly profits, but also announced big price hikes for the month.
Now, a new report from Niko Partners has revealed that they are both likely to be the largest losers from government shutdown.
“There are a number of reasons why we think it will be a pretty big month for Tesla,” said Niko senior research analyst Nick Wigley in a statement.
“We think it’ll be a good month for Facebook, but it’s not a good day for Tesla.”
Tesla reported revenue of $13.8 billion for the quarter, down from $16.2 billion for Q4 2017.
That was a 1.1% decrease, but was still up from Q3 2018.
It’s the biggest quarterly loss since Q4 of 2017.
Facebook said it will lose $1.6 billion in Q4 2018, down 13% from Q4.
However, it has said it expects that to improve by the end of the year.
Tesla, meanwhile, reported $10.7 billion in revenue in the quarter.
That’s up 20% from a year ago.
However, the company still saw revenue increase 17% year-on-year, as it continued to improve the Model X crossover and ramp up production.
Tesla has been trying to increase production of the Model 3 and Model X over the last few months.
It plans to ramp up to 50,000 vehicles per week by the first quarter of 2019, but some analysts believe that the Model S, the current Tesla model, could take longer.
“The Model 3 is really the first car we’re going to make for Model 3,” Elon Musk told Reuters earlier this month.
“So I’m confident that by the time we’re done with Model 3, we’ll have more cars than we did when we started.
But I don’t want to tell you what the Model 4 will look like, but I do want to say that I think that we’re on track for a big ramp up, not just a small ramp up.”
Tesla’s biggest problem is that it’s struggling to keep up with demand for the Model Y crossover.
The company has said that it expects to sell approximately 5,000 Model Y sedans per week this year, which is well below the 50,00-50,000-vehicle mark it reached in 2018.
Tesla’s stock price has fallen from $200 to $179, and it’s currently trading at about 30 times earnings.