I don't understand why Tesla's losses keep increasing; now they're losing $33M a month, up from $20M a month a year ago and roughtly the same as last quarter. That with $50M in revenue this quarter and actual shipping product. Can someone explain? Are they still purchasing capital equipment? Are their overheads that high?<p>That said, $30M a month is not that many cars. If they can sell them, and losses don't increase as a function of sales, which seems to be the case now, they will eventually be in good shape.<p>EDIT: TL;DR: This quarter they lost the same amount as last quarter but sold 25 million more in cars. That means for every additional dollar in car they sold over last quarter, they lost that dollar. Not exactly scalable but hopefully temporary.
Great news.<p>Its interesting how in some political ads I've been seeing, a politician is 'called out' for supporting funding for companies like Tesla specifically.
I loaded few hundred shares of TSLA in my portfolio only because I love the innovation this company has to offer. I would normally not invest in a company that has high uncertainty like Tesla but something about the company and Elon Musk made me own a piece of it. I am not sure if it was a good investment, but I am happy to be a part of it.
Hopefully their financials continue to be, if not strong, at least good enough to support the business. They seem to have good leadership and great ideas about how car transportation and the industry needs to change.