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Can you please elaborate in this? How does shipping cars create a loss? Other manufacturers do it all the time. Maybe your margins shrink,but what explains the
by navigatesol 8y ago
Can you please elaborate in this? How does shipping cars create a loss? Other manufacturers do it all the time. Maybe your margins shrink,but what explains the massive loss?
- deleted 8y ago[deleted]
- consumer451 8y agoI believe Tesla doesn’t count the cash from a car sale until it is in the customers’ hands.[0] I remember reading that there were a lot of cars mid-shipment to the EU at the end of that quarter. [0] I believe other auto manufacturers count the cash earlier in the delivery process, like when sold to a dealer, correct?
- dforrestwilson 8y agoBut the cash in many cases is already deposited with Tesla isn’t it? If so, then it has already been counted.
- consumer451 8y agoI know little about the financial world, but I used to listen to their earnings calls for fun. I remember Musk and their previous CFO saying that they didn’t count the cash of a sale until the customer received the car. But again, I could have misunderstood.
- navigatesol 8y ago>I remember reading that there were a lot of cars mid-shipment to the EU at the end of that quarter. So what is in their accounts receivable?