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Author Topic: Tesla Loss Is Wider Than Expected; Revenue Beats Back to Topics
loloTX

Rookie Author
Austin

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Joined:Jun 2012
Message Posted: Feb 20, 2013 6:14:50 PM

Tesla (TSLA) reported a wider-than-anticipated net loss for the fourth-quarter as higher production costs offset better-than-anticipated revenues.
The electric-car maker reported a fourth-quarter non-GAAP net loss of 65 cents per share on revenue of $306.3 million. A year earlier, the company lost 69 cents per share on just $39 million in sales.
Analysts had expected the company to report a loss of 53 cents a share on $298 million in revenue, according to a consensus estimate from Thomson Reuters.
Research and development costs were $62 million in the quarter on a non-GAAP basis but Tesla expects R&D spending to fall about 15 percent in the first quarter.
(Read More: Why the Tesla S May Be a Game-Changer)
The company also expects to continue to make production improvements and should
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SVmike
Champion Author California

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Message Posted: Feb 21, 2013 4:31:23 PM

>> (just like they have been every time they have been tried in the past 120 years or so).With that type of thinking no one should have worked on electronic computers since the first mechanical computer from Babbage didn't work
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jeffbone
Champion Author Virginia

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Message Posted: Feb 21, 2013 9:53:54 AM

My tax dollars subsidize them, and they still lose money? What's not to like?
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beachd8
Champion Author Orange County

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Message Posted: Feb 21, 2013 12:57:51 AM

Without taxpayer assistance, Tesla would go to the Edsel Cemetery.
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CVA19
Champion Author Salem

Posts:2,420
Points:1,006,225
Joined:Aug 2011
Message Posted: Feb 20, 2013 10:19:32 PM

The only thing that is keeping ALL EV development, production, and sales out of bankruptcy is the US taxpayer. Take that money away (and we should) and EVs are history (just like they have been every time they have been tried in the past 120 years or so).
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Blue_Prius_2010
Rookie Author Philadelphia

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Joined:Feb 2013
Message Posted: Feb 20, 2013 8:51:10 PM

Without a major breakthrough in battery technology the end of this latest foray into electric vehicles is easy to see.
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rcornel
Champion Author San Diego

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Message Posted: Feb 20, 2013 8:10:55 PM

Yes, no surprise here.
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humblepie
Champion Author Toledo

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Message Posted: Feb 20, 2013 7:04:51 PM

no surprise here
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mastermariner
Champion Author Texas

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Message Posted: Feb 20, 2013 6:17:23 PM

Looks like a up hill battle.
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Van_Halen
Champion Author Atlanta

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Joined:Apr 2011
Message Posted: Feb 20, 2013 6:16:19 PM

.
Go TESLA!
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