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With Tesla loosing $4,000 per car[1], and they are on track to produce 50,000 cars this year, you knew they had to raise money sooner or later. [1] http://www.
by cwt137 11y ago
With Tesla loosing $4,000 per car[1], and they are on track to produce 50,000 cars this year, you knew they had to raise money sooner or later.
[1] http://www.cnbc.com/2015/08/10/tesla-burns-cash-loses-more-than-4000-on-every-car-sold.html http://www.cnbc.com/2015/08/10/tesla-burns-cash-loses-more-t...
[2] http://www.bloomberg.com/news/articles/2015-08-05/tesla-falls-after-lowering-sales-goal-to-as-few-as-50-000-autos http://www.bloomberg.com/news/articles/2015-08-05/tesla-fall...
- dtparr 11y agoAgain, they're not losing $4000 per car in the sense that their cost to produce one car is $4000 more than what they're selling for. (Meaning if they sold 50k more cars, they'd lose $200M) They had significant CapEx and so their revenues - costs worked out to an amount that was $4000 for every car they did sell. Had they sold more, their net loss would have been less, not more.
- hughes 11y agoWith all the headlines about the $4000 figure the last few days, I was completely mislead about what that actually meant. Thanks for explaining it.
- dtparr 11y agoYeah, for whatever reason that headline stuck even on sites that are typically less click-baity and/or pro-Tesla. My favorite way I saw the headline explained was something like: I had major medical expenses this year and had to dip into my savings such that I ended up spending about 12k more than I brought in this year. I also ate 12 pizzas in the year. Their headline is like me saying "I lost $1k per pizza this year". It's accurate in a sense, but they're not related.
- conistonwater 11y agoAccording to your [1], their GAAP operating loss per vehicle is $14,758.