Production and earnings are rather related. As Bob pointed out, full financials, take some time to tally and calculate. Production and sales are relatively simple.
Monday October 8, 2018 or Monday October 14, 2019? <grins> Not to worry, celebrating Columbus Day 2018 on Monday of this week, I realized for this retired engineer everyday is Columbus Day. Bob Wilson
Tribalism by any other name....... Most people on this planet.....some would suggest ALL of them, are indigenous.
+1 My company only has 6 core holidays. Columbus day didn't make the cut...but neither did MLK day, or Veteran's day, or Ground Pig day. What they do is give employees 4 additional optional holidays which cannot be denied based on scheduling, etc. That way, persons like me who always take MLK day, Vet's day, George Washington's BD(**), etc can party like a government employee! (**) According to the Googles, "president's day" is still officially George Washington's BD....if I'm accurately informed. I personally don't give a rats what they call them. I align my company holidays with dot.gov for personal reasons, not for virtue signalling. People can call the holidays whatever they wish as far as I'm concerned.... 2018 Federal Holiday Calendar | National Holidays | 2019 Federal Holidays
Holy cow, much better than I had thought. Great guidance for next quarter as well. http://ir.tesla.com/static-files/725970e6-eda5-47ab-96e1-422d4045f799 311 Million dollar profit
Source: SEC Filing | Tesla, Inc. Gross profit: $1,523,665 Poll Results: 2 of 9 Once the formal Q3 results are up at SEC.gov, I'll start a Q4 poll. Bob Wilson
Arrrrggghhh. I need to read more carefully, I thought it was Net Profits. I still would have been wrong, but not by quite so much
I didn't want to use net profit because there are so many arbitrary decisions that could move the bottom line. For example, we know Tesla has to cover capital expenditures from previous quarters BUT we don't know how slow or fast. Gross profit is pretty simple and strongly indicates the health of Tesla. It gives them credibility so they can negotiate better deals and credit. Right now, I think they should tweak and tune their systems which improves margins and modest production rates. Then 2019 Q1, Tesla can put the hammer down to pay down/off loans and start their next production growth. Bob Wilson
>$300million - it's a nice start - especially when you do $600million loss the prior year. Did they have to lose that much? Well, how else are you going to build thousands of superchargers? You shovel it into the infrastructure. 300 mil ain't bad considering there's a lot getting shoveled back into the build-out. .
