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Author	Topic: Tesla Loss Is Wider Than Expected; Revenue Beats	Post a Reply Back to Topics

loloTX Rookie Author Austin Posts:8 Points:24,460 Joined:Jun 2012	Message Posted: Feb 20, 2013 6:14:50 PM Ignore loloTX Report Abuse 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 Visit cnbc for full article

loloTX

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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
Visit cnbc for full article

REPLIES (newest first)Ignore Short Messages

SVmike Champion Author California Posts:1,569 Points:319,195 Joined:Dec 2009	Message Posted: Feb 21, 2013 4:31:23 PM Ignore SVmike Report Abuse >> (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
jeffbone Champion Author Virginia Posts:1,351 Points:397,910 Joined:Mar 2011	Message Posted: Feb 21, 2013 9:53:54 AM Ignore jeffbone Report Abuse My tax dollars subsidize them, and they still lose money? What's not to like?
beachd8 All-Star Author Orange County Posts:742 Points:112,670 Joined:Oct 2012	Message Posted: Feb 21, 2013 12:57:51 AM Ignore beachd8 Report Abuse Without taxpayer assistance, Tesla would go to the Edsel Cemetery.
CVA19 Champion Author Salem Posts:2,393 Points:606,850 Joined:Aug 2011	Message Posted: Feb 20, 2013 10:19:32 PM Ignore CVA19 Report Abuse 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).
Blue_Prius_2010 Rookie Author Philadelphia Posts:18 Points:2,110 Joined:Feb 2013	Message Posted: Feb 20, 2013 8:51:10 PM Ignore Blue_Prius_2010 Report Abuse Without a major breakthrough in battery technology the end of this latest foray into electric vehicles is easy to see.
rcornel All-Star Author San Diego Posts:714 Points:225,445 Joined:Jun 2012	Message Posted: Feb 20, 2013 8:10:55 PM Ignore rcornel Report Abuse Yes, no surprise here.
humblepie Champion Author Toledo Posts:34,101 Points:2,368,445 Joined:Mar 2006	Message Posted: Feb 20, 2013 7:04:51 PM Ignore humblepie Report Abuse no surprise here
mastermariner Champion Author Texas Posts:4,236 Points:492,035 Joined:Jun 2011	Message Posted: Feb 20, 2013 6:17:23 PM Ignore mastermariner Report Abuse Looks like a up hill battle.
Van_Halen Champion Author Atlanta Posts:2,844 Points:639,505 Joined:Apr 2011	Message Posted: Feb 20, 2013 6:16:19 PM Ignore Van_Halen Report Abuse . Go TESLA!