Tesla in BIG Trouble Another Loss

Tesla in BIG Trouble Another Loss

There are 60 comments on the USA Today story from Aug 7, 2013, titled Tesla in BIG Trouble Another Loss. In it, USA Today reports that:

Electric car maker Tesla Motors, which recalled it's cars for broken back seats is announcing its earnings after the market close, saw its stock drop by nearly 6% in mid-day trading, or about $8.50 to $133.71.

Join the discussion below, or Read more at USA Today.

Root

Shreveport, LA

#25 Aug 10, 2013
No they didn’t. Tesla posted a loss of $30.5 million for the second quarter. Forget about “the article” and read the actual statement. There are two sets of numbers. The set Tesla would like you to see and the actual GAAP set that gets filed.

This is one of the most annoying things I’ve found with you over the years that being you read something and automatically it becomes “truth” and you’ll fight like hell to keep it going.
Dominic

Toronto, Canada

#26 Aug 10, 2013
I fully agree with the USAToday article. I also agree the title of this forum is a lie. Because Tesla's Non Gaap profitability doesn't fit your mind set is of no concern to me. Rest assured, Tesla is financially stronger than ever. With $747 million cash on the balance sheet and a positive cash flow, people like you who advocate gloom and doom aren't doing their homework.
Also, pleas note I've been on the scene here for about six weeks, so your over the years irritation doesn't bother me in the least. If you want to scratch that irritated itch, buy Tesla. You won't be sorry. On the meantime, you strike me as someone who is both full of himself and full of shit at the same time. Cheers.
Root

Shreveport, LA

#27 Aug 10, 2013
Lol you’re losing your composure again. One of the main rules of debate is not to lose composure. On that fact alone you lost any type of debate you were attempting to participate in.

Now back to the subject at hand. Tesla posted a loss of $30.5 million. In business this is called a net loss.

I told you two things earlier, one being if you feel good about Tesla, go long and eventually the fundamentals win out over euphoria. Every time they don't lose as much money as expected their stock price soars. I’m not sure when this will all end, but a share price of more than $20 seems to be excessive.

Back to the original statement, this loss is too bad. I hope they can get better, it's an uphill climb.

Cheers!
Root

Shreveport, LA

#29 Aug 12, 2013
Elon Musk is working on Hyperloop High Speed Travel now. 2450
Root

Shreveport, LA

#32 Aug 13, 2013
Tesla Recall 99 Percent wrote:
If the backseat falls out of a Tesla on a country road and nobody is around, does it make a noise?
Yes, the driver would hear it. Just like a $30.5 million loss.
Dominic

Red Deer, Canada

#34 Aug 13, 2013
Elon wrote:
Tesla is a nice car but the accounting is ridiculous. There's nothing like cancelling out a 90 million lease deal from your financials.
Not ridiculous, just different. Innovative and unconventional techniques are Tesla's strength. Those who try making points re Tesla's so-called 'loss' tend to forget that lease revenue was held back from the latest P&L.
Reports of Tesla's demise are greatly exaggerated.
Root

Shreveport, LA

#35 Aug 13, 2013
Elon wrote:
Tesla is a nice car but the accounting is ridiculous. There's nothing like cancelling out a 90 million lease deal from your financials.
You are correct. The Palo Alto company we know as Tesla reported a loss of $30.5 million for the second quarter on Wednesday and they did not include the 90 million in leases.
lease deal.

Don’t worry about dom, he conjures things up all the time. Just like the fabricated reports of Tesla’s demise comment. If you will read the comments you will find nothing about a Tesla demise. He's been with us for years so we expect that type of behavior.

Tesla is a great company and I’m sorry about the loss. I hope they can pull through this and overcome. Great things are ahead!
Dominic

Red Deer, Canada

#36 Aug 13, 2013
It's great to see Tesla doing so well. First time ever that a newly minted and innovative high end car has been profitable.
Dominic

Red Deer, Canada

#38 Aug 14, 2013
Yes, Tesla is a great product. It's a revolutionary approach, and seems to be a success. Unlike its competition, it's profitable.
The accounting method may be ridiculous in your eyes, but it's perfectly acceptable according to general accounting principles..
Can you explain why you deem it ridiculous?
Dominic

Red Deer, Canada

#40 Aug 14, 2013
Elon wrote:
<quoted text>Because it's not acceptable according to general accounting principles.
I would disagree. So would Chartered Accountants. The most common question a CA will ask when doing your books is "what do you want it to look like".
But it's not worth arguing about, especially here because nobody ever wins.
Suffice to say Tesla's boss has pushed the envelope of convention in many areas, not just accounting. He 's got the old guard quite worried.
Root

Shreveport, LA

#41 Aug 14, 2013
Tesla posted a loss of $30.5 million. That’s the loss that was posted. No sugary candy coating will hide that fact. American startup company run by a staunch Conservative and I wish them luck.
Dominic

Red Deer, Canada

#43 Aug 14, 2013
If you put a big enough premium on the product, profits can be made.
Rolls Royce, Bentley, Aston Martin, Ferrari, etc., etc.
Tesla is doing OK. So is their stock. And me too.
Dominic

Red Deer, Canada

#44 Aug 14, 2013
Root wrote:
Tesla posted a loss of $30.5 million. That’s the loss that was posted. No sugary candy coating will hide that fact. American startup company run by a staunch Conservative and I wish them luck.
The only loser in these forums is you.
Cyber Stupidity is your cross to bear.
Guilty as charged.
Root

Shreveport, LA

#45 Aug 14, 2013
Taking it personal tells us you don’t have anything to say. At least you agree to the Tesla loss. Finally..
Dominic

Red Deer, Canada

#47 Aug 14, 2013
Root wrote:
Taking it personal tells us you don’t have anything to say. At least you agree to the Tesla loss. Finally..
Why would I even think of taking something personally from a fool who merely exists for one purpose, namely the cyber stupidity nonsense you've immersed yourself in.
I was just calling a spade a spade.

Re the Tesla loss--I believe the article which confirms Tesla made a profit this last quarter.
Root

Shreveport, LA

#48 Aug 14, 2013
Tesla reported a $30.5 million loss. That is a fact you will have to come to grips with. Well, you may not have to come to grips with it but you should be honest enough to yourself to acknowledge it.

Nice shot at name calling, I’m glad I had parents that raised me correctly as not to stoop to that level.
Dominic

Red Deer, Canada

#49 Aug 14, 2013
I don't have to come to grips with anything I don't believe in.
Especially not when an acknowledged fool says I must
And very especially when that fool is sitting smack in the middle of a cyber stupidity scam where he plays a half dozen different roles.
As far as name calling goes, if it quacks like a duck.....
Root

Shreveport, LA

#50 Aug 14, 2013
So Tesla posts a loss. It’s all over the media, but you won’t admit it. There goes your integrity again, along with another name. You see, people that are grounded in their discussions don’t need to call others names. We just smile.
Dominic

Red Deer, Canada

#51 Aug 14, 2013
You're absolutely right Root.
I won't admit it.
You see, I have a great deal of trouble accepting the word of those who repeatedly demonstrate they cannot be trusted.
I consider people who deny sitting smack in the middle of cyber stupidity about on the same level as snakes.
Root

Shreveport, LA

#53 Aug 15, 2013
Tesla Recall 99 Percent wrote:
Tesla posted a loss of 30,000,000 and this monkeyfucker thinks regular canadian women aren't good enough.
Whoa watch the words, you can't just say Tesla posted a $300 million loss or someone might say you are me or I am you. lol

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