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Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

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Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#4

Post by stcredzero »

InclinedPlane wrote: post #2

Specifically: he realizes he has no time to work on it no matter how promising it is.

That's not exactly "backtracking." Also, there's something strained about the structure of the article, like they were trying really hard to put as much negative spin in before they had to say "Tesla is doing well." They could have out and said: Tesla's doing well, but GAAP...etc, and left out 3 paragraphs.

Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#5

Post by revelation »

How is this backtracking? Nothing has changed. He made it very clear from the beginning that this is an idea of his that he wants to release to the public, not work on it himself.

Somebody then had the audacity to pester him with Hyperloop on the earnings call for Tesla. It's like asking the president about his veggie garden while hes giving a press conference on the war on (whistleblowers|drugs|terror).

Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#6

Post by revelation »

stcredzero wrote: post #4
InclinedPlane wrote: post #2

Specifically: he realizes he has no time to work on it no matter how promising it is.

That's not exactly "backtracking." Also, there's something strained about the structure of the article, like they were trying really hard to put as much negative spin in before they had to say "Tesla is doing well." They could have out and said: Tesla's doing well, but GAAP...etc, and left out 3 paragraphs.

They make it seem as if Tesla is doing shady accounting, but they explain in the very beginning of the shareholder letter:

In this letter and going forward, we will report our results on a GAAP basis as well as on a non-GAAP basis, excluding lease accounting. We believe these non-GAAP financials are useful as they align with the underlying cash flow activity and timing of vehicle deliveries, and because we use such information internally for operational management and financial planning purposes.

Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#7

Post by Fuxy »

It's more like he's trying to sell a car while publishing plans for a high speed people mover. You can just hope it won't displace the electric car in the inner city until Tesla become really profitable but you never know. It's a risky move that could potentially affect Tesla later on.

Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#8

Post by tptacek »

gregpilling wrote: post #3

Interesting production numbers. The model S is now outselling the Chevrolet Corvette, http://en.wikipedia.org/wiki/Chevrolet_Corvette_(redirect)#P...

That's not too surprising; the Corvette's sales figures have plummeted in the last 10 years or so. That milestone is a little like outselling the PT Cruiser.

Re: Tesla Reports a Profit (Sorta) While Elon Musk Regrets Mentioning Hyperloop

#10

Post by salimmadjd »

If you're interested in undrestanding ZEV credits and its impact on Tesla's bottom line ($5000/car) read bellow [1]

Also, worth noting other automakers are slowly catching up. Remember Tesla had a big start with their roadster, but expect fierce competition from Japanese and European automakers. Which is all good for consumers.

1 : http://www.wired.com/autopia/2010/08/tesla-subsidy-vanishing...

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