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Tesla reports a worse than expected loss $282.3m #4087593 05/04/16 05:27 PM
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Nate1979 Offline OP
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Tesla announced earnings
http://www.ibtimes.com/tesla-motors-inc-...tes-its-2364209

Tesla Motors reported a much worse than expected loss of $282.3 million today.



Another article from CNN Money:
http://money.cnn.com/2016/05/04/news/companies/tesla-earnings/index.html?iid=hp-toplead-dom

Quote:
"Tesla CEO Elon Musk had said previously that the automaker would become "cash-flow positive" this year. But in a letter to shareholders Wednesday, Musk signaled that won't be the case after all."


Apparently they forgot that they can't just take deposits, they actually need to produce the Model 3. On the other hand Model S sales are growing, up 45% compared to the same quarter last year.


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087616 05/04/16 05:56 PM
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d00df00d Online Content
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Wow. That's quite a loss.


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Re: Tesla reports a worse than expected loss $282.3m [Re: d00df00d] #4087619 05/04/16 05:58 PM
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Who cares about profits or losses as long as the stock price is rising?


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087625 05/04/16 06:04 PM
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jk_636 Offline
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They would probably be cash flow positive if they made them more affordable and sold more vehicles!

Those teslas are pretty slick though, I must admit. thumbsup

I wonder if BMW is cash flow positive with their line of electric vehicles. confused

If I could afford an all electric sportscar, I would much prefer an i8. I got a chance to see a couple back in Texas. They are suweeet. slobber

http://www.bmwusa.com/bmw/bmwi/i8


Last edited by jk_636; 05/04/16 06:09 PM.

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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087628 05/04/16 06:08 PM
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Tesla will not report any profit until most of current pre-order model 3 are shipped by 2018 or 2019.

Tesla will invest huge amount(several billions ?) to increase production from 50,000 vehicles in 2015 to 80,000-90,000 this year to 500,000 in 2018.

Investors didn't run away, Tesla stock went up 4.7 percent in the after hour trading, according to ibtimes.com.


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087630 05/04/16 06:11 PM
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jk_636 Offline
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Perhaps they are ok taking a gamble of a decade of not being profitable because they believe the technology will pay off within the next decade.

Reminds me of Richard Bransons space x venture.

One of those billions or bust situations.


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Re: Tesla reports a worse than expected loss $282.3m [Re: jk_636] #4087633 05/04/16 06:15 PM
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Originally Posted By: jk_636
They would probably be cash flow positive if they made them more affordable and sold more vehicles.

Man they are sweet though.

I wonder if BMW is cash flow positive with their line of electric vehicles. confused

If I could afford an all electric sportscar, I would much prefer an i8. I got a chance to see a couple back in Texas. They are suweeet. slobber

http://www.bmwusa.com/bmw/bmwi/i8

To make more vehicles they need a lot more capital at the begining, but they didn't have enough capital so they go slow.

BMW i8 is not an all electric sport car, it's a plug-in hybrid with 20 miles battery range.


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087637 05/04/16 06:21 PM
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jk_636 Offline
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True that. I guess the closest thing they would have to offer is the i3.


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Re: Tesla reports a worse than expected loss $282.3m [Re: jk_636] #4087639 05/04/16 06:22 PM
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Originally Posted By: jk_636
Perhaps they are ok taking a gamble of a decade of not being profitable because they believe the technology will pay off within the next decade.

Reminds me of Richard Bransons space x venture.

One of those billions or bust situations.

If you look at one of the most successful company of the last 20 years that didn't report profit for more than 10-15 years, it was Amazon. If you look at the history of Amazon, you would see how much they expanded since they found 20+ years ago.

A growth company with good plan can loosing money years after years but they still can get capital by issuing stock on open market to sustain their business.


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"Throwing food away is like stealing it from the poor and hungry" Pope Francis
Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087641 05/04/16 06:25 PM
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jk_636 Offline
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Im not sure if Amazon is the best example...not to get off topic but aren't they drowning at the moment? I thought I read somewhere that if things didn't change for them soon they would be deep underwater. confused


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Re: Tesla reports a worse than expected loss $282.3m [Re: jk_636] #4087652 05/04/16 06:38 PM
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Originally Posted By: jk_636
Im not sure if Amazon is the best example...not to get off topic but aren't they drowning at the moment? I thought I read somewhere that if things didn't change for them soon they would be deep underwater. confused

Amazon isn't the perfect comparison to Tesla, but there isn't any successful car companies of the last 50 years to compare Tesla with. I just try to express my opinion about a growth company.

There was some failures such as Delorean, Fisker ... Clearly Tesla is in a much better shape than either one above, they sold all vehicles they can make, their problem is production not demand.

The main question is can Tesla produce high volume car at reasonable cost to have small profit without much quality problems. Only Tesla knows the answer, we can speculate any way we like.


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087671 05/04/16 07:05 PM
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The difference between Tesla and Amazon is that Amazon has never lost $282 million in a single quarter. When Amazon lost $274 million in 2012 (that's an entire year... not in a quarter), it was against total revenue of $13.8 billion. Tesla lost $282 million in Q1 on revenue of only $4 billion last year.

Tesla has a weaker revenue stream than Amazon and higher losses. This is not really a realistic comparison.

Re: Tesla reports a worse than expected loss $282.3m [Re: jk_636] #4087689 05/04/16 07:17 PM
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itguy08 Offline
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Originally Posted By: jk_636
Im not sure if Amazon is the best example...not to get off topic but aren't they drowning at the moment? I thought I read somewhere that if things didn't change for them soon they would be deep underwater. confused


The only thing making Amazon profit is the AWS part. Retail and online has been a negative since they were founded. And the AWS part is facing increased competition with Google breathing down their neck and stealing key contracts. Microsoft could be a contender if it wasn't based on their junk Windows technology. And the other smaller players like Backspace, etc. and it's lots of uncertainty.

Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087691 05/04/16 07:21 PM
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bubbatime Online Shocked
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Tesla is a GAMBLE. The guy has even said that if he is running low on money for SpaceX, he just funnels a little off of Tesla, or if Tesla needs money, he just funnels some off of SpaceX. Seems to me this entire thing will crash and burn in spectacular fashion if he isn't still getting govt contracts for SpaceX, at least until Tesla can turn a profit. He needs to find a way to cheapen the product, as the current model of selling a car for $90k that it cost you $120K to build is not working.


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Re: Tesla reports a worse than expected loss $282.3m [Re: Nate1979] #4087703 05/04/16 07:33 PM
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Its like Tucker all over again,minus the Federal legal issues...

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