Tesla just reported a profit...

Kinja'd!!! "Manwich - now Keto-Friendly" (manwich)
10/26/2016 at 22:57 • Filed to: None

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http://files.shareholder.com/downloads/ABEA-4CW8X0/3102096909x0x913801/F9E5C36A-AFDD-4FF2-A375-ED9B0F912622/Q3_16_Update_Letter_-_final.pdf

I’m looking forward to seeing what this will do to the share price tomorrow.

And some things I found interesting:

Revenue more than doubled from the same quarter last year... Increased to almost $2.3 billion from $936 million

The $29 million profit is GAAP profit.

Gross margin is over 27%

Cash flow positive to the tune of $176 million.

These numbers are far better than I expected. I wasn’t expecting them to report any profits until the Model 3 was launched.


DISCUSSION (4)


Kinja'd!!! RyanFrew > Manwich - now Keto-Friendly
10/27/2016 at 01:33

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Up to $211 in after hours!


Kinja'd!!! Blunion05 drives a pink S2000 (USER WAS BANNED FOR THIS POST) > RyanFrew
10/27/2016 at 02:08

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Meh. Does it matter? Tesla stock is so hormonal that looking at its price in the short term is pointless.


Kinja'd!!! RyanFrew > Blunion05 drives a pink S2000 (USER WAS BANNED FOR THIS POST)
10/27/2016 at 02:09

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True. But I’ll take an uptick over a downtick any day.


Kinja'd!!! haveacarortwoorthree2 > Manwich - now Keto-Friendly
10/27/2016 at 08:55

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Tesla just reported a profit...

That’s unpossible!