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People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.
Is it just me reading too much financial news or does "beats estimates" sound like it was better than estimates? Loss was 69 cents vs 53 cents expected. Revenues beat estimates, though.
Is it just me reading too much financial news or does "beats estimates" sound like it was better than estimates? Loss was 69 cents vs 53 cents expected. Revenues beat estimates, though.
>The fourth-quarter loss, excluding some items, was narrower than the $1.14 a share average estimate Straight from the article.
"Adjusted loss of 69 cents a share, worse than expected."
"Analysts expect an adjusted fourth-quarter loss of 53 cents a share"
Now I don't know what to believe.
Edit: I guess it depends on who's doing the estimating. The linked article says "The fourth-quarter loss, excluding some items, was narrower than the $1.14 a share average estimate among analysts surveyed by Bloomberg."
People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.
Especially with SpaceX. He's pushing his engineers hard to get some pretty cool stuff done, and hopefully humanity benefits from it in the long run.
Earlier quoted context omitted.
>The fourth-quarter loss, excluding some items, was narrower than the $1.14 a share average estimate Straight from the article.
So I was reading this from marketwatch: "Adjusted loss of 69 cents a share, worse than expected." "Analysts expect an adjusted fourth-quarter loss of 53 cents a share" Now I don't know what to believe. Edit: I guess it depends on who's doing the estimating. The linked article says "The fourth-quarter loss, excluding some items, was narrower than the $1.14 a share average estimate among analysts surveyed by Bloomberg.…
People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.
Especially with SpaceX. He's pushing his engineers hard to get some pretty cool stuff done, and hopefully humanity benefits from it in the long run.
Tesla's car business is very profitable:
Tesla also reported an automotive gross margin excluding SBC and ZEV credit (non-GAAP), of 22.2% in the quarter, up from 19.7% a year ago, but down from 25.0% in Q3...
huge growth:
Looking at the future, Tesla said it expects to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of 2017, representing vehicle delivery growth of 61% to 71% compared with the same period last year.
reinvesting operating profits into investments:
The company also expects to invest between $2 billion and $2.5 billion in capex ahead of the start of Model 3 production and continues "to focus on capital efficiency while also investing in battery cell, pack and energy storage production at Gigafactory 1. It also forecast that both Model 3 and solar roof launches are on track for the second half of the year.
This company is firing (no pun intended) on all cylinders