There’s no shortage of opinion about the state of Tesla. Mostly, it is still the darling of both wealthy early adopters and City analysts.

People who have lived through the age of Apple and Google - brands that changed the world for ever - say Tesla embodies the future of the car industry. To them, it is that most beloved of things: a ‘disruptive’ company that forces an industry to change or die.

But there are plenty of people who disagree with Tesla, and they say they have the facts on their side. While Tesla’s sales are leaping - up 49% in the second quarter of this financial year, to nearly 12,000 units - the company is also losing a lot of money.

Figures from the US say Tesla lost £120m in the second quarter of this year, or around 20% of overall turnover in the same period.

Of course, putting the new Model X crossover into production is expensive. Perhaps once the family-friendly car is in showrooms, Tesla can reduce its research and development spend, gain scale and realise real profits.