Tesla lost $38M in third quarter, stock tumbles over 12 percent
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Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#2Tesla is a startup and at present, I can name few "startups" on the scale of Tesla who aren't losing money. Look at the likes of Twitter, Spotify and Quora, large user bases and are technically making money but still not turning a profit. Tesla is no different and to be honest, has a good chance of succeeding. Elon Musk is one talented guy who has investors swooning over him to give him investment.
Looks like the down-voting has begun, whatever. I won't let people on this site get in the way of voicing my own personal view and opinion on Tesla and their losses. Feel free to disagree.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#3Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car manufacturer.
Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#4Or "Tesla spent $38 million on extended R&D involving extensively field testing its first production models". Take your pick.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#5Tesla is a startup and at present, I can name few "startups" on the scale of Tesla who aren't losing money. Look at the likes of Twitter, Spotify and Quora, large user bases and are technically making money but still not turning a profit. Tesla is no different and to be honest, has a good chance of succeeding. Elon Musk is one talented guy who has investors swooning over him to give him investment. Looks like the dow…
A post-IPO, $21B company is still a startup?
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#6In one version of accounting... In another they made $16M. What's clear is Tesla has been dramatically more successful at selling an electric car than any other company.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#7Tesla is a startup and at present, I can name few "startups" on the scale of Tesla who aren't losing money. Look at the likes of Twitter, Spotify and Quora, large user bases and are technically making money but still not turning a profit. Tesla is no different and to be honest, has a good chance of succeeding. Elon Musk is one talented guy who has investors swooning over him to give him investment. Looks like the dow…
A post-IPO, $21B company is still a startup?
Whenever people question the definition of something being a startup I just point them to this wonderful Quora answer: http://www.quora.com/Entrepreneurship/What-is-the-proper-def...
Dave McClure makes a fair point that until a company works out the following three things, they're a startup, not a business.
1. What its product is,
2. Who its customers are.
3. How to make money.
So yes, a post-IPO company valued at $21B which still hasn't worked out two of those three items is still a startup in my opinion...
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#8Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car manufacturer. Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.
TSLA prefers non GAAP because it collects all money for a lease upfront. Recognizing all revenue for a lease up front isn't logical.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#9Or "Tesla spent $38 million on extended R&D involving extensively field testing its first production models". Take your pick.
More accurately, for R&D they spent $48 million on a non-GAAP basis and $56 million on a GAAP basis. Non-GAAP wise Tesla made money in the quarter to the tune of $16M. Their new leasing program and paying back the Department of Energy loan early helped lower the GAAP revenue fairly substantially. Cash was even better--$26 million of positive free cash flow.
Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent
#10http://www.nasdaq.com/symbol/tsla/after-hours
Link has pricing if you want to follow along