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Author Topic: Tesla 4Q net loss widens on costs for new car Back to Topics
xgojim
Champion Author
Michigan

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

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
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REPLIES (newest first) Post a Reply
leeac
Champion Author Ohio

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Message Posted: Feb 21, 2013 6:12:03 AM

This is just EV growing pains.
ClarkSC
Champion Author South Carolina

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Message Posted: Feb 21, 2013 5:11:42 AM

Bankruptcy is next.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Feb 21, 2013 4:31:38 AM

If they think that they will be able to be in business in five years the are dreaming.
Palantas
All-Star Author Indianapolis

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Message Posted: Feb 21, 2013 4:08:00 AM

I see. Let's hope they become profitable.
JohnofGB
Champion Author Flint

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Message Posted: Feb 21, 2013 1:32:18 AM

lol Did someone really expect this thing to "take off" and make a ton of money for the investors?
dodsworth
Champion Author Salem

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Message Posted: Feb 21, 2013 1:26:19 AM

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

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Message Posted: Feb 21, 2013 1:03:01 AM


more than expected
gcalleja
Champion Author Miami

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Message Posted: Feb 21, 2013 12:13:12 AM

It will make money in future quarters.
ExplorerWA
Champion Author Washington

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Message Posted: Feb 20, 2013 10:50:18 PM

That's a lots of money.
lesndave
Champion Author Texas

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Message Posted: Feb 20, 2013 10:43:37 PM

If it was anything but EVs, the company would have just gone belly up!!
CVA19
Champion Author Salem

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Message Posted: Feb 20, 2013 10:10:53 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).
csblesson
Champion Author Texas

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Message Posted: Feb 20, 2013 9:16:54 PM

What will happen if the subsidy is taken away?
GarRafFra
Sophomore Author Worcester

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Message Posted: Feb 20, 2013 8:39:05 PM

I bet it is going to make the car more expensive.

TomT2Lee
Champion Author Cincinnati

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Message Posted: Feb 20, 2013 8:27:54 PM

Drop the tax payer forced incentive money for EVs and the Tesla losses go ballistic.
SVmike
Champion Author California

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Message Posted: Feb 20, 2013 8:23:57 PM

GM isn't a startup
turboz2012
Champion Author Charleston

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Message Posted: Feb 20, 2013 8:17:19 PM

They need to make cars to make money
BuckyTJones
Champion Author Salt Lake City

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Message Posted: Feb 20, 2013 8:07:58 PM


Yawn.
xgojim
Champion Author Michigan

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Message Posted: Feb 20, 2013 8:04:10 PM

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.
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