WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 Why Tesla is up: Investors have been on a tear since Tesla reported its first annual profit last week, betting on future growth powered in part by the company's new plant in Shanghai. The move higher could also be getting some juice from short sellers who are trying to cover their losses, as well as battery maker Panasonic's positive remarks on the state of its Tesla partnership. Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 Breakdownttm12/31/201812/31/201712/31/2016Total Revenue24,420,26821,461,26811,758,7517,000,132Cost of Revenue20,299,24717,419,2479,536,2645,400,875Gross Profit4,121,0214,042,0212,222,4871,599,257Operating ExpensesResearch Development1,354,3701,460,3701,378,073834,408Selling General and Administrative2,614,4912,834,4912,476,5001,432,189Total Operating Expenses3,968,8614,294,8613,854,5732,266,597Operating Income or Loss152,160-252,840-1,632,086-667,340Interest Expense690,071663,071471,259198,810Total Other Income/Expenses Net-110,367-113,367-125,373111,272Income Before Tax-606,745-1,004,745-2,209,032-746,348Income Tax Expense89,83757,83731,54626,698Income from Continuing Operations-696,582-1,062,582-2,240,578-773,046Net Income-827,091-976,091-1,961,400-674,914Net Income available to common shareholders-827,091-976,091-1,961,400-674,914Reported EPSBasic--5.72-11.83-4.68Diluted--5.72 Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 yeah, but in the year 2019 Tesla made a profit. Fact. Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 The chart didn't show properly but near the bottom under net income it shows they lost $827,091,000.As you can see, they lose money every year. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 The chart didn't show properly but near the bottom under net income it shows they lost $827,091,000.As you can see, they lose money every year.false. 2019 they made a profit Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 false. 2019 they made a profitYou dont believe financial charts, why not? Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 You're probably looking at their operating income - which shows they made money, but that doesn't include interest expense, taxes, etc - which are real expenses. They lost $827 million, period. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 New York (CNN Business)Tesla posted its first annual profit, easily topping Wall Street's forecasts in the final three months of 2019.Tesla has had only a handful of quarterly profits in its 10 years as a public company. On a strict accounting basis the company posted yet another loss for 2019. However, Tesla posted a $386 million profit in the final three months of 2019 using the operating basis followed by most analysts and investors. That left it with a narrow $35.8 million profit for the year."2019 was a turning point for Tesla," the company said in its statement.The company said it should be able to continue to grow, with the opening of its Shanghai factory ahead of schedule and a new, lower priced SUV, the Model Y, on which the company recently started production. It expects the first limited deliveries of the Model Y later in this quarter.It also plans to open a new factory near Berlin in 2021. It said it should "comfortably exceed" 500,000 cars sold this year, a 36% increase from its 2019 sales total.The results are a validation for Tesla's controversial CEO Elon Musk, who has fans and detractors on Wall Street as he bucked the traditional auto industry. The company has often fallen short of its promises, but it has not entered a period in which results are regularly exceeding expectations.Tesla said that even on a strict accounting basis it expects to be profitable going forward. In the past it was known for burning through cash, raising fears of a cash crunch. Now it said it expects to be cash flow positive going forward except for brief periods tied to the launch and ramp-up of new vehicles."We continue to believe our business has grown to the point of being self-funding," said the company in its earnings release. "Continuous volume growth, capacity expansion and cash generation remain the main focus. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 Tesla posted a $386 million profit in the final three months of 2019 using the operating basis followed by most analysts and investors. That left it with a narrow $35.8 million profit for the year. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 $35.8 million profit for the year Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 Operating income $152 million profit Interest expense $690 million -negaitive other $110 million - negative taxes $89million - negative income from continuing operations -$696 million Total net income -$827 million Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 you use your accounting and I will use the generally accepted accounting. Tesla made a profit of 35.8 million in 2019 Quote Link to comment Share on other sites More sharing options...
rito Posted February 5, 2020 Report Share Posted February 5, 2020 false. They made a profit in 2019. Announced last weekNo really they didn't. What's their pe Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 you use your accounting and I will use the generally accepted accounting. Tesla made a profit of 35.8 million in 2019Ok, i'm done arguing with you. Have a good day. Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 It's like building a coffee shop and running it for a year and making a small profit after all expenses, but then your accountant points out you also have a mortgage on the bldg and pay property taxes, etc. You're not losing money on the business, but you are losing money. Quote Link to comment Share on other sites More sharing options...
rito Posted February 5, 2020 Report Share Posted February 5, 2020 Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted February 5, 2020 Report Share Posted February 5, 2020 You guys are talking about GAAP vs. non-GAAP earnings... Quote Link to comment Share on other sites More sharing options...
rito Posted February 5, 2020 Report Share Posted February 5, 2020 Stocks down 16% today. Thing is more volatile than bitcoin. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 You guys are talking about GAAP vs. non-GAAP earnings...correct Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted February 5, 2020 Report Share Posted February 5, 2020 GAAP earnings are usually what matter. That's what EPS is based off of. Non-GAAP earnings can give you insight if there are one time charges or something like that but I wouldn't say it's what analysts and investors go by. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted February 5, 2020 Report Share Posted February 5, 2020 Depends what's left out of non-GAAP earnings as well... Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 Yea, no sense using generally accepted accounting principles, if we do it this way, we did better. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 5, 2020 Author Report Share Posted February 5, 2020 Non GAAP is now more generally acceptable Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 5, 2020 Report Share Posted February 5, 2020 Non GAAP is now more generally acceptableIt's used by co's that are not doing very well to explain why things aren't so bad. Sooner or later you have to make real money. Quote Link to comment Share on other sites More sharing options...
rito Posted February 5, 2020 Report Share Posted February 5, 2020 Non GAAP is now more generally acceptable For who? Quote Link to comment Share on other sites More sharing options...
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