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The financial results from the link don't show a $800 million loss for this year. From that document in the FINANCIAL SUMMARY section there are these quarterly
by jussij 7y ago
The financial results from the link don't show a $800 million loss for this year.
From that document in the FINANCIAL SUMMARY section there are these quarterly profit/loss number:
Income (loss) from operations
Q1-2019 Q2-2019 Q3-2019 Q4-2019
-522 -167 261 359
So for the first half of the year Tesla did lose 689 million dollars.
But for the whole year that was only a loss of 69 million dollars.
I think what the market likes is the Tesla cash position.
If you look at those it would appear Tesla is no longer burning cash.
Cash and cash equivalents
Q4-2018 Q1-2019 Q2-2019 Q3-2019 Q4-2019 QoQ YoY
3,686 2,198 4,955 5,338 6,268 17% 70%
The fact that the year on year cash position grew by 70% would be pretty comforting to shareholders.
- xkjkls 7y agoYou’re using non-GAAP numbers. By GAAP standards, they lost $800 million
- blaser-waffle 7y agoLOL, it was ONLY ~$70 million. How does this stack up to last year, and forecasts for next year? If they were in the hole $120MM last year and now only 69, with forecasts for ~20MM or less next year then there is a clear road to profitability and I might be willing to do the Long thing.