from Statista.com
— this post authored by Martin Armstrong
Tesla (NASDAQ:TSLA) has been investing more and more in research and development over the last few years.
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In the fiscal year ending December 31, 2016, R&D spending hit 834.4 million U.S. dollars, continuing the clear upward trend. Musk and company are clearly playing the long game, with this positive spending almost mirrored by the financial losses made each period. Although the losses were smaller than expected in 2016 Tesla are still a long way from breaking even.
This chart shows spending on R&D and losses made by Tesla from 2010 to 2016.
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