Tesla Posts Their 13th Straight Quarterly Loss

How much are Tesla's revenue numbers bolstered by deposits for cars not remotely in production yet?
When those cars are produced/sold, their revenue per unit there is automatically $1000 less… that's $400 million less over however many quarters it will take to produce 400K Model #3s.

This was expected, just another money loss and the announcement this week of using tesla stock to buy up his cousins money losing solar panel business is to divert attention from the fact that this company has not really delivered on what they say.

The monies collected as deposits is NOT revenue, it's treated as restricted cash under GAAP and IFRS.

 

Revenue is recorded when it is EARNED, therefore there will be no reduction in revenue. Restricted cash is not exactly an asset, because there is a corresponding liability.

How much are Tesla's revenue numbers bolstered by deposits for cars not remotely in production yet?

When those cars are produced/sold, their revenue per unit there is automatically $1000 less… that's $400 million less over however many quarters it will take to produce 400K Model #3s.

Time value of money plays a part here as well though which would work slightly in their favor, even though it is only 1-3 years.

The monies collected as deposits is NOT revenue, it's treated as restricted cash under GAAP and IFRS.

 

Revenue is recorded when it is EARNED, therefore there will be no reduction in revenue. Restricted cash is not exactly an asset, because there is a corresponding liability.

Somebody here has taken a few accounting classes

Troubling news for ninnies who are Tesla devotees.  Plus the autopilot crash in China that just happened just makes the smile look even more "forced". 

Sorry but wishing for failure of any American automaker is just flat out retarded.

My mom says I'm SPECIAL.

My mom says I'm SPECIAL.

 Yes you are very Special Ocn!

 

Troubling news for ninnies who are Tesla devotees.  Plus the autopilot crash in China that just happened just makes the smile look even more "forced". 

Trouble is..

The Chinese driver did not have his hands on the steering wheel at the time of the accident...regardless if the Model S was on "autonomous" mode...

 

Too bad for the 33 year old Chinese programmer and much to your chagrin that Tesla has NEVER said 'autonomous' driving is full on autonomous....

There was a human sitting at the driver's chair, but a human was not paying attention to what was going on and THAT is how this is gonna play out.

Much like the last time you had a hard on for a Tesla failure...

 

 

Party On!!!

 

http://www.roadandtrack.com/motorsports/videos/a30357/watch-this-tesla-model-s-run-a-record-breaking-10-second-quarter-mile/

 

Edited August 11, 20168 yr by oldshurst442

Didn't he testify that the Tesla salespeople before he took delivery, in his estimation, misrepresented or oversold the purpose of "autopilot"?

 

And yes sir... Tesla's troubles are better than Viagra *wink*wink* 

Party On!!!

I believe you will soon be schooled… that luxury sedan owners don't care to, nor are remotely interested in, drag racing.

 

Party On!!!

I believe you will soon be schooled… that luxury sedan owners don't care to, nor are remotely interested in, drag racing.

 

As long as I keep on being a party animal, I dont care what others do.

As long as M-B keeps on making E and S Class AMGs, Cadillac CTS Vs, and Tesla makes Ludicrous mode Model S and possibly Model 3...and so forth and so forth

 

 

Im gonna Rock Around The Clock. Until Broad Day Light.

I wanna Rock N Roll All Night And Party Every Day!

 

 

Edited August 12, 20168 yr by oldshurst442

 

 

 

 

 

I remember that video, the wife is smoken hot and the race is cool, nothing wrong here.