Current Events > Tesla reports over 600 million dollar loss in last quarter...

(+) Yeah! (+)

I appreciate sometimes you have to spend money to make money but half a billion is a lot of money. Hopefully they'll turn things around. Might be a good time to get some Tesla shares...

http://www.bbc.co.uk/news/business-41839826
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Ugh, no spoiler warning? I wasn't caught up on Tesla yet... jerk
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Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.
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Jesus, how do you lose that much money IN A QUARTER
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They will continue to burn cash through a least half of next year unless they fix their production mess right away. Even then it will be hard to turn a profit.
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Spooking posted...

_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

Not as bad as Hillary losing a billion in one election.

Yes it is. The election was longer than a quarter
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0AbsoluteZero0 posted...

Ugh, no spoiler warning? I wasn't caught up on Tesla yet... jerk

lol
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Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

That's a stupid and unsustainable business model.
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It's because they are reinvesting everything into manufacturing.

I think they made a mistake by skipping prototyping or something during the Model 3 manufacturing. They skipped it because they thought it would slow them down too much, and now they have fallen months behind due to manufacturing issues.
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But fast electrics that are only good for 1/4 mile drag races are the future right guys?! Lamborghini and Ferrari are doomed right?!

Lol. What a joke.
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Elon should stop and enjoy his life instead. His intention is noble, and he wants best for humanity, but humanity dont want to be saved.

Just let the species die away from our own hubris
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EternalDivide posted...

Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

That's a stupid and unsustainable business model.

Well, we've got Musk, his investors, engineers, and all the other people he employs. I'll go with those people who are much, MUCH smarter than you.
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WaffIeElite posted...

EternalDivide posted...

Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

That's a stupid and unsustainable business model.

Well, we've got Musk, his investors, engineers, and all the other people he employs. I'll go with those people who are much, MUCH smarter than you.

That's all well and good, but he's right. If each unit is sold at a 13k loss then it is unsustainable.
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This is good for bitcoin
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Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

WaffIeElite posted...

EternalDivide posted...

Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

That's a stupid and unsustainable business model.

Well, we've got Musk, his investors, engineers, and all the other people he employs. I'll go with those people who are much, MUCH smarter than you.

Do you know him? How do you know he isn't smart. How do you know this... your comment just makes you look stupid. I doubt Elon, his investors, engineers and all the other people he employs would like you or want to even know you as you belittle people

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?
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Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

OEIO999 posted...

Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

no. most of the cost are the giant batteries which need to undergo extensive testing, the absurd amount of research and development into making them the safest cars in the world, and the self-driving ai/tech
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_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

You make a product that nobody wants for way too much money, with no infrastructure to use reliably, supported almost entirely by government subsidy.

Yaaay, Communism!
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Lunaaaa posted...

Elon should stop and enjoy his life instead. His intention is noble, and he wants best for humanity, but humanity dont want to be saved.

Just let the species die away from our own hubris

He's literally proving the automobile industry right, that the technology isn't there to make electric cars viable.

His SpeedCharge network was supposed to be national THREE YEARS ago, remember? That's the biggest turnoff for selling his cars - you can't drive one from coast to coast without MAJOR issues due to power. Not only that, it doesn't even work in cold climates, as proven by Consumer Reports FOUR years ago.
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WaffIeElite posted...

EternalDivide posted...

Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

That's a stupid and unsustainable business model.

Well, we've got Musk, his investors, engineers, and all the other people he employs. I'll go with those people who are much, MUCH smarter than you.

So smart, they lost $600,000 last quarter, and literally skipped prototyping their current model which caused a shit-ton of problems.
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Rika_Furude posted...

OEIO999 posted...

Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

no. most of the cost are the giant batteries which need to undergo extensive testing, the absurd amount of research and development into making them the safest cars in the world, and the self-driving ai/tech

If a rock penetrates the underside and pierces the battery, it literally explodes. They're nowhere near the "safest cars in the world," dude.
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_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

by making massive investments that don't pay off right away
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darkjedilink posted...

They're nowhere near the "safest cars in the world," dude.

they are part of the design of safest cars in the world, though. atm #1 is the chevy volt. in general no engine in front is a superior design for front-end collision safety.

once they fix the battery issue they'll be back on top most likely.
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Darkman124 posted...

darkjedilink posted...

They're nowhere near the "safest cars in the world," dude.

they are part of the design of safest cars in the world, though. atm #1 is the chevy volt. in general no engine in front is a superior design for front-end collision safety.

once they fix the battery issue they'll be back on top most likely.

Logical problem with this - if I get into a front-end collision, I'll likely survive, especially with a seatbelt. If the battery in my electric vehicle explodes (and keep in mind, it's in the tunnel between the seats, so I'm literally right next to it), I'm dead. Period.

Consumer Reports puts the battery issue as just as common an occurrence as a front-impact collision, when adjusted for vehicle density. That means that your two examples are about equal for the type of car.

And, you do know that vehicle safety overall has little to do with engine placement, right? The Bricklin SV-1 is CONSIDERABLY safer due to overall design than any Tesla model ever will be.
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Darkman124 posted...

_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

by making massive investments that don't pay off right away

So, by being financially incompetent.
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darkjedilink posted...

Darkman124 posted...

_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

by making massive investments that don't pay off right away

So, by being financially incompetent.

no.
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Darkman124 posted...

darkjedilink posted...

Darkman124 posted...

_MorningStar posted...

Jesus, how do you lose that much money IN A QUARTER

by making massive investments that don't pay off right away

So, by being financially incompetent.

no.

How is it financially competent to sell every one of your products that few people buy at a $13,000 loss? Or to have a business model that requires constant gifts of taxpayer dollars to MINIMIZE the bleeding of cash?
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literal_garbage posted...

This is good for bitcoin

Very true.

darkjedilink posted...

How is it financially competent to sell every one of your products that few people buy at a $13,000 loss? Or to have a business model that requires constant gifts of taxpayer dollars to MINIMIZE the bleeding of cash?

most new businesses operate with an initial loss as they build up a customer base and revenue that will eventually offset operating costs.

some have longer-term red periods than others.

this also applies when existing businesses expand or enter new product areas.
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darkjedilink posted...

Rika_Furude posted...

OEIO999 posted...

Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

no. most of the cost are the giant batteries which need to undergo extensive testing, the absurd amount of research and development into making them the safest cars in the world, and the self-driving ai/tech

If a rock penetrates the underside and pierces the battery, it literally explodes. They're nowhere near the "safest cars in the world," dude.

Oh, OK. They just have 5 star ratings in every safety category. Not 5 star average btw, 5 star in everything. But no, some random poster on gamefaqs knows more than the vehicle engineers
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Elon is probably already preparing his next couple of tweets to spike the price for another secondary offering, after selling junk bonds last quarter, and as major rivals bring competing (and some say superior) products to the market
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Darkman124 posted...

darkjedilink posted...

How is it financially competent to sell every one of your products that few people buy at a $13,000 loss? Or to have a business model that requires constant gifts of taxpayer dollars to MINIMIZE the bleeding of cash?

most new businesses operate with an initial loss as they build up a customer base and revenue that will eventually offset operating costs.

some have longer-term red periods than others.

this also applies when existing businesses expand or enter new product areas.

For a few years. Tesla's been in business for 14, and has never operated at a profit.
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darkjedilink posted...

For a few years. Tesla's been in business for 14, and has never operated at a profit.

Duration of red zone depends on industry.

The fact that they are one of multiple companies run by a single conglomerate owner influences this--Musk redirects profits from more successful industries into Tesla's operating costs. They're financially stable, even if they're not yet turning a profit.

Also relevant parabolic rise in total revenue.

http://www.macrotrends.net/stocks/charts/TSLA/revenue/tesla-inc-revenue-net-income-history
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Rika_Furude posted...

darkjedilink posted...

Rika_Furude posted...

OEIO999 posted...

Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

no. most of the cost are the giant batteries which need to undergo extensive testing, the absurd amount of research and development into making them the safest cars in the world, and the self-driving ai/tech

If a rock penetrates the underside and pierces the battery, it literally explodes. They're nowhere near the "safest cars in the world," dude.

Oh, OK. They just have 5 star ratings in every safety category. Not 5 star average btw, 5 star in everything. But no, some random poster on gamefaqs knows more than the vehicle engineers

First off, they're nowhere near the only car to make that claim - the Ford F-150 can claim that.

Oh, and look at this:

http://www3.forbes.com/business/the-safest-cars-and-trucks-for-2017/24/

Not a single Tesla model in sight! Lots of cars with IC engines, though...

Oh, and what's this?

https://www.autobytel.com/sedans/car-buying-guides/10-cars-with-a-5-star-safety-rating-131888/

ANOTHER list of a bunch of cars with IC engines that can also make that claim? That AGAIN doesn't include a Tesla model?
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^yeah, you're not wrong that Tesla's front-end advantages are presently outweighed by the battery issue.

Once it's resolved I expect to see them re-enter the top margin of safety. The battery fire issue was a pretty severe scandal for them when it happened; there's no defending them on it.
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Darkman124 posted...

darkjedilink posted...

For a few years. Tesla's been in business for 14, and has never operated at a profit.

Duration of red zone depends on industry.

The fact that they are one of multiple companies run by a single conglomerate owner influences this--Musk redirects profits from more successful industries into Tesla's operating costs. They're financially stable, even if they're not yet turning a profit.

Also relevant parabolic rise in total revenue.

http://www.macrotrends.net/stocks/charts/TSLA/revenue/tesla-inc-revenue-net-income-history

14 years, dude, and no national infrastructure in sight, despite it's implementation target of THREE YEARS AGO.

Oh, and look at those charts - despite revenue rising, net income has been falling. They're bleeding money, and have been for years, despite massive gifts of taxpayer dollars and infusions of cash from other Musk holdings. There is no legitimate way to argue they're financially stable.
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darkjedilink posted...

Rika_Furude posted...

darkjedilink posted...

Rika_Furude posted...

OEIO999 posted...

Rika_Furude posted...

stevethewindow posted...

Maybe they should stop putting unnecessary shit in their electric cars.

Why do you need a tv size dash board with an iPad the size of a pool table?

because a """giant""" screen like that probably costs nothing in the grand scheme of things?

Maybe there are a lot of those 'probably cost nothing' expenditures in every one of their units and they add up.

no. most of the cost are the giant batteries which need to undergo extensive testing, the absurd amount of research and development into making them the safest cars in the world, and the self-driving ai/tech

If a rock penetrates the underside and pierces the battery, it literally explodes. They're nowhere near the "safest cars in the world," dude.

Oh, OK. They just have 5 star ratings in every safety category. Not 5 star average btw, 5 star in everything. But no, some random poster on gamefaqs knows more than the vehicle engineers

First off, they're nowhere near the only car to make that claim - the Ford F-150 can claim that.

Oh, and look at this:

http://www3.forbes.com/business/the-safest-cars-and-trucks-for-2017/24/

Not a single Tesla model in sight! Lots of cars with IC engines, though...

Oh, and what's this?

https://www.autobytel.com/sedans/car-buying-guides/10-cars-with-a-5-star-safety-rating-131888/

ANOTHER list of a bunch of cars with IC engines that can also make that claim? That AGAIN doesn't include a Tesla model?

are you that dork who always plays semantics
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Rika_Furude posted...

are you that dork who always plays semantics

The claim was "safest car in the world," and when I pointed out a major design flaw proving it literally can't be, you suggested I couldn't possibly know what I was talking about, suggesting that their crash test ratings proved they were the safest cars in the world.

I didn't discount they were generally safe - just nowhere near the safest in the world. Again, the F-150 is rated 5-stars in crash tests on all sides, too, and if a rock penetrates its skidplate, it won't literally explode. BY DEFAULT, it's safer than any Tesla currently on the road.

Maybe, instead of buying into liberal buzzwords all the time, you should actually do some research and come to an informed opinion.
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darkjedilink posted...

14 years, dude, and no national infrastructure in sight, despite it's implementation target of THREE YEARS AGO.

Oh, and look at those charts - despite revenue rising, net income has been falling. They're bleeding money, and have been for years, despite massive gifts of taxpayer dollars and infusions of cash from other Musk holdings. There is no legitimate way to argue they're financially stable.

you need to understand what 'financially stable means'

it means 'not at risk of going bankrupt'

it isnt simply because musk won't let it.

net income falling is a result of pouring a ton of money into new investments, not existing operations becoming more expensive

their new investments are extremely well publicized too
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Darkman124 posted...

darkjedilink posted...

14 years, dude, and no national infrastructure in sight, despite it's implementation target of THREE YEARS AGO.

Oh, and look at those charts - despite revenue rising, net income has been falling. They're bleeding money, and have been for years, despite massive gifts of taxpayer dollars and infusions of cash from other Musk holdings. There is no legitimate way to argue they're financially stable.

you need to understand what 'financially stable means'

it means 'not at risk of going bankrupt'

it isnt simply because musk won't let it.

net income falling is a result of pouring a ton of money into new investments, not existing operations becoming more expensive

their new investments are extremely well publicized too

You don't think they'll go bankrupt when their massive subsidies inevitably dry up?
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darkjedilink posted...

You don't think they'll go bankrupt when their massive subsidies inevitably dry up?

no, because musk is continuing to make a lot of money at spaceX.

worst case, he has spaceX 'buy' Tesla. for cheap.
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Fishy posted...

Tesla relies entirely on the government. They sell every car they make at like a $13k loss last I checked.

I wouldn't be too surprised. Got a quote from Solar City (another Musk enterprise) regarding solar panels, and their big deal was that we could finance to own, but a percentage of the finances were supposed to be based on our projected tax credits from installing solar panels. It felt kind of weird.

Hexenherz posted...

I wouldn't be too surprised. Got a quote from Solar City (another Musk enterprise) regarding solar panels, and their big deal was that we could finance to own, but a percentage of the finances were supposed to be based on our projected tax credits from installing solar panels. It felt kind of weird.

solar panel install savings are a weird sort of voodoo math that is heavily region-dependent. i dislike SC business model; they really want people to rent the panels so they can get the credit.

IMO go with a local installation company. pay cash. they'll beat the price by a lot.
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I read somewhere that Tesla has only turned an actual profit for a quarter like twice in its history. They make a FUCKTON of money each quarter, but Musk pours most of it into R&D.

Darkman124 posted...

darkjedilink posted...

You don't think they'll go bankrupt when their massive subsidies inevitably dry up?

no, because musk is continuing to make a lot of money at spaceX.

worst case, he has spaceX 'buy' Tesla. for cheap.

SpaceX doesn't have that kind of money. If they did, they wouldn't have reported a $600 million loss last quarter.
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Yeah I dont think your average user understands business growth and managing capital.
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