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Tesla Motors (TSLA) isn't likely to post a quarterly profit anytime soon, according to John...
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Thursday, December 20, 2012, 6:52 AM ETTesla Motors (TSLA) isn't likely to post a quarterly profit anytime soon, according to John Shinal. Despite a tweet from Elon Musk indicating a cash flow positive week earlier this month, the automaker's cash flow and Q3 loss of $111M tells a different story. The real test comes when Q4 numbers are reported, most likely in February.
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Anyone who try to analyze Tesla without taking into account what has happened the last few weeks show total incompetence. I would be embarrased if I tried to predict Teslas future based on the Q3 numbers :)
And what's up with this comment, which is not supported by any other facts: "What’s worse, it has a poor habit of failing to deliver to customers the cars it has promised them, while simultaneously raising the prices of those yet-undelivered cars."
I also believe the average Model S invoice is closer to $100K which is well above a previously reported average invoice of around $70K. That will increase Tesla's bottom line in a very positive way.
Well, I firmly believe the stock is up because Tesla is now proving that they can make 400 cars a week, and deliver them as well (unlike Q3 2012 when they were`nt quite there yet).