• Tesla beats expectations, makes first profit in 3 years
    13 replies, posted
[QUOTE]After market close today, Tesla released its financial results for the third quarter 2016. Wall street was expecting revenue of $2.43 billion and a slight gain of $0.02 per share for the quarter. Tesla confirmed $2.30 billion in revenue, below expectations, but it also announced a gain of $0.14 per share during the last quarter – a first in 3 years. ... The automaker disclosed that it expects to also be profitable next quarter, which will come as a surprise to most industry watchers. The company is seeing 145% year-over-year growth in revenue. [/QUOTE] [url]https://electrek.co/2016/10/26/tesla-tsla-announces-q3-financial-results-beat-expectations-and-make-a-profit-of-22-million-shareholders-letter/[/url] Shareholder letter viewable in source.
cant wait to see what happens when the model 3 comes out
[QUOTE=da space core;51264706]cant wait to see what happens when the model 3 comes out[/QUOTE] Can't wait for model Y to come out so if you line 'em up you can spell out S3XY [editline]26th October 2016[/editline] actually Model Y sounds dope
Something something credits. Everyone will focus on the credits.
Unless I'm reading it wrong, it's talking about revenue per share. Which isn't necessarily an indicator of profit. Haven't read the shareholder letter yet.
[QUOTE=Code3Response;51264831]Something something credits. Everyone will focus on the credits.[/QUOTE] I mean, its a pretty big deal when your bottom line is 100% dependant on taking money from other players in the industry and direct subsidies for every car bought.
[QUOTE=OvB;51264878]Unless I'm reading it wrong, it's talking about revenue per share. Which isn't necessarily an indicator of profit. Haven't read the shareholder letter yet.[/QUOTE] [QUOTE]GAAP net income of $22 million and positive free cash flow of $176 million[/QUOTE]
good, Musk with more $ ... what's next is all I wonder ;)
Musk said he was gonna do it and he did [url]https://facepunch.com/showthread.php?t=1533147[/url]
[QUOTE=TheDrunkenOne;51264737]Can't wait for model Y to come out so if you line 'em up you can spell out S3XY [editline]26th October 2016[/editline] actually Model Y sounds dope[/QUOTE] model Y, the first electric muscle car complete with testosterone injectors when you sit down
Model Y, teslas motorcycle [editline]26th October 2016[/editline] That can ride itself
tbh an electric motorcycle would be rad like that new bmw concept [video=youtube;oW0ShDRggts]https://www.youtube.com/watch?v=oW0ShDRggts[/video]
Did you guys hear about the new Tesla autopilot features? Pretty much just full autopilot at this point.
[QUOTE=DarklytheGreat;51266998]tbh an electric motorcycle would be rad like that new bmw concept [video=youtube;oW0ShDRggts]https://www.youtube.com/watch?v=oW0ShDRggts[/video][/QUOTE] There are a few already on the market. [url]http://www.greencarreports.com/news/1101556_2016-electric-motorcycle-buyers-guide[/url]
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