3 ms·
Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car m
by revelation 13y ago
Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car manufacturer.
Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.
- jayshahtx 13y agoTSLA prefers non GAAP because it collects all money for a lease upfront. Recognizing all revenue for a lease up front isn't logical.
- yannisp 13y agoIIRC it's actually financing with a balloon payment (with no risk since they're not the lenders), with an option for buyback. That liability of buying back should be somewhere in the books, either accrued or entered in full.
- deleted 13y ago[deleted]