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Author	Topic: Tesla 4Q net loss widens on costs for new car	Post a Reply Back to Topics

xgojim All-Star Author Michigan Posts:524 Points:452,520 Joined:Mar 2011	Message Posted: Feb 20, 2013 8:02:39 PM Ignore xgojim Report Abuse Electric car maker Tesla Motors Inc. said Wednesday that its fourth-quarter net loss grew by 10 percent due to higher costs during the production start for the new Model S. The Palo Alto, Calif., company said in a letter to shareholders that it expects to be "slightly profitable" in the first quarter, excluding noncash option and warrant expenses. Tesla lost $89.9 million, or 79 cents per share, in the quarter ending Dec. 31. That's up from $81.5 million, or 78 cents per share, a year earlier. Revenue was almost eight times more than it was a year ago at $306.3 million. Excluding charges for stock-based compensation and a change in the value of warrant liabilities, Tesla said it lost 65 cents per share. Analysts polled by FactSet expected a loss of 59 cents per share on revenue of $311 mil Visit Bloomberg Business Week for full article

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Message Posted: Feb 20, 2013 8:02:39 PM

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Electric car maker Tesla Motors Inc. said Wednesday that its fourth-quarter net loss grew by 10 percent due to higher costs during the production start for the new Model S. The Palo Alto, Calif., company said in a letter to shareholders that it expects to be "slightly profitable" in the first quarter, excluding noncash option and warrant expenses. Tesla lost $89.9 million, or 79 cents per share, in the quarter ending Dec. 31. That's up from $81.5 million, or 78 cents per share, a year earlier. Revenue was almost eight times more than it was a year ago at $306.3 million. Excluding charges for stock-based compensation and a change in the value of warrant liabilities, Tesla said it lost 65 cents per share. Analysts polled by FactSet expected a loss of 59 cents per share on revenue of $311 mil
Visit Bloomberg Business Week for full article

REPLIES (newest first)Ignore Short Messages

leeac Champion Author Ohio Posts:1,606 Points:435,855 Joined:Jan 2012	Message Posted: Feb 21, 2013 6:12:03 AM Ignore leeac Report Abuse This is just EV growing pains.
ClarkSC Champion Author South Carolina Posts:3,088 Points:1,013,355 Joined:May 2010	Message Posted: Feb 21, 2013 5:11:42 AM Ignore ClarkSC Report Abuse Bankruptcy is next.
djgunrunner Champion Author Salt Lake City Posts:10,109 Points:2,350,555 Joined:Apr 2005	Message Posted: Feb 21, 2013 4:31:38 AM Ignore djgunrunner Report Abuse If they think that they will be able to be in business in five years the are dreaming.
Palantas All-Star Author Indianapolis Posts:803 Points:414,595 Joined:Sep 2011	Message Posted: Feb 21, 2013 4:08:00 AM Ignore Palantas Report Abuse I see. Let's hope they become profitable.
JohnofGB Champion Author Flint Posts:5,431 Points:1,098,145 Joined:Feb 2010	Message Posted: Feb 21, 2013 1:32:18 AM Ignore JohnofGB Report Abuse lol Did someone really expect this thing to "take off" and make a ton of money for the investors?
dodsworth All-Star Author Salem Posts:783 Points:296,905 Joined:Jul 2012	Message Posted: Feb 21, 2013 1:26:19 AM Ignore dodsworth Report Abuse I am hoping it makes it for lots of reasons. It's beautiful. Would someday like to figure out a way to buy one.
iFueler Champion Author Durham Posts:64,433 Points:180,475 Joined:Nov 2012	Message Posted: Feb 21, 2013 1:03:01 AM Ignore iFueler Report Abuse more than expected
gcalleja All-Star Author Miami Posts:922 Points:551,130 Joined:May 2011	Message Posted: Feb 21, 2013 12:13:12 AM Ignore gcalleja Report Abuse It will make money in future quarters.
ExplorerWA Champion Author Washington Posts:4,088 Points:798,225 Joined:Feb 2011	Message Posted: Feb 20, 2013 10:50:18 PM Ignore ExplorerWA Report Abuse That's a lots of money.
lesndave Champion Author Texas Posts:3,047 Points:702,355 Joined:May 2011	Message Posted: Feb 20, 2013 10:43:37 PM Ignore lesndave Report Abuse If it was anything but EVs, the company would have just gone belly up!!
CVA19 Champion Author Salem Posts:2,393 Points:610,450 Joined:Aug 2011	Message Posted: Feb 20, 2013 10:10:53 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).
csblesson Champion Author Texas Posts:1,821 Points:354,850 Joined:May 2012	Message Posted: Feb 20, 2013 9:16:54 PM Ignore csblesson Report Abuse What will happen if the subsidy is taken away?
GarRafFra Sophomore Author Worcester Posts:167 Points:16,150 Joined:Jan 2013	Message Posted: Feb 20, 2013 8:39:05 PM Ignore GarRafFra Report Abuse I bet it is going to make the car more expensive.
TomT2Lee Champion Author Cincinnati Posts:5,357 Points:1,598,730 Joined:Sep 2005	Message Posted: Feb 20, 2013 8:27:54 PM Ignore TomT2Lee Report Abuse Drop the tax payer forced incentive money for EVs and the Tesla losses go ballistic.
SVmike Champion Author California Posts:1,569 Points:319,195 Joined:Dec 2009	Message Posted: Feb 20, 2013 8:23:57 PM Ignore SVmike Report Abuse GM isn't a startup
turboz2012 All-Star Author Charleston Posts:687 Points:376,320 Joined:Feb 2012	Message Posted: Feb 20, 2013 8:17:19 PM Ignore turboz2012 Report Abuse They need to make cars to make money
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Feb 20, 2013 8:07:58 PM Ignore BuckyTJones Report Abuse Yawn.
xgojim All-Star Author Michigan Posts:524 Points:452,520 Joined:Mar 2011	Message Posted: Feb 20, 2013 8:04:10 PM Ignore xgojim Report Abuse So why aren't people complaining that the govt has bailed out this company, just like GM and Chrysler? Sure isn't easy to be a profitable auto maker.