6 ms·
"The Austin, Texas, electric vehicle, solar panel and battery maker said Wednesday that its net income was $7.93 billion from October through December, compared
by rogerkirkness 3y ago
"The Austin, Texas, electric vehicle, solar panel and battery maker said Wednesday that its net income was $7.93 billion from October through December, compared with $3.69 billion a year earlier."
Damn they must really be hand to mouth right now...
- MilnerRoute 3y agoYou left out the next paragraph of that article. "But excluding one-time items such as the $5.9 billion noncash tax benefit for deferred tax assets, the company made $2.49 billion, or 71 cents per share. That was down 39% from a year ago and short of analyst estimates of 73 cents per share according to FactSet." https://www.kolotv.com/2024/01/25/tesla-4q-earnings-fall-short-analyst-estimates-company-warns-lower-sales-growth-this-year/ https://www.kolotv.com/2024/01/25/tesla-4q-earnings-fall-sho...
- rogerkirkness 3y agoAny non cash expense like stock-based compensation is pretend from a cash perspective. Stacking money in the bank with no debt is the purpose of a company and what Tesla is doing in increasingly effective fashion.
- belltaco 3y agoThat's in a big part due to interest rates going sky high during that year, but you won't find that mentioned in the blog post. Wonder why.