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$1B is roughly the GAAP losses for TSLA since they went public. I think that in order to resell ZEV credits more than 13% of a manufacturer's cars must be elec
by codex 13y ago
$1B is roughly the GAAP losses for TSLA since they went public.
I think that in order to resell ZEV credits more than 13% of a manufacturer's cars must be electric, which is not true of any other luxury manufacturer.
- cma 13y agoThat doesn't add up with this: http://www.wolframalpha.com/input/?i=tsla+earnings http://www.wolframalpha.com/input/?i=tsla+earnings But, that may not be GAAP. Where did you find that total?
- mikeyouse 13y agoYou can go to google finance: https://www.google.com/finance?q=NASDAQ%3ATSLA&fstype=ii&ei=IP2LUdCMAYjgiAKrCQ https://www.google.com/finance?q=NASDAQ%3ATSLA&fstype=ii... And then select 'Annual', 'Balance Sheet', and then look at the line item for "Retained Earnings (Accumulated Deficit)" Or alternatively, from TSLA's 2012 10-K: "We incurred a net loss of $396.2 million for the year ended December 31, 2012. In addition, we have accumulated net losses of $1,065.6 million from our inception through December 31, 2012. We have had net losses in each quarter since our inception." Source: Page 31 Here: http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-13-96241&CIK=1318605 http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-13-...
- cma 13y agoWell then, that's because I was looking at "since going public", since that is what the guy I replied to said. But you and the original poster are right since you are talking about 'since inception'.
- codex 13y agoWolfram Alpha is only showing you last year's losses, not the integral over all years.
- cma 13y agoI went by the average it gives weighted to the time range of the IPO (because the parent said since the IPO). But one-billion is correct if you count before the IPO (which the guy who first brought up the one-billion number was talking about).