• Aug 5, 2010
Tesla Model S – Click above for high-res image gallery

Tesla has reported its first earnings statement as a public company and, not surprisingly, the numbers don't exactly paint a rosy portrait. The company announced that while it managed to bring in revenue around $28.4 million, it lost $38.5 million. That loss marks the second such dip in earnings for the company this year, though analysts are saying that the drop in cash flow is to be expected. The company just handed over $42 million to purchase a manufacturing facility for the Model S, and odds are the company will continue to funnel money into the structure as we get closer to the EV sedan's production date.

Speaking of the Model S, it's likely that a fair portion of the company's funds are being shoveled into development of this second Tesla model. With those two hefty projects on the company's plate, odds are we won't see the electric vehicle manufacturer turn a profit for some time – possibly until after the end of this year. The news doesn't seem to have had too much of a negative impact on the company's stock price, though. As of this writing, TSLA stock was still at $20.18 – down around a dollar from opening.



[Source: Automotive News – sub. req.]


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  • 20 Comments
      • 4 Years Ago
      Has Tesla ever actually made money? It sounds like they make almost as much selling ZEV credits as they do actually making cars.
        • 4 Years Ago
        They actually make far more money selling ZEV credits than cars, yes. They've only sold 1000 or 2000 roadsters so far.
        • 4 Years Ago
        That IS how they make half of their money. They gotta get the Model S off the ground so they don't have to rely on ZEV credits for income.
      • 4 Years Ago
      "The news doesn't seem to have had too much of a negative impact on the company's stock price, though. As of this writing, TSLA stock was still at $20.18"

      There are enough of the eco-elite with money to burn keeping this thing afloat.

      Make no mistake, there are just as many stinking rich on the left as there are the right......
        • 4 Years Ago
        "Make no mistake, there are just as many stinking rich on the left as there are the right......"

        Exactly. Liberal elite, Conservative elite, pick your poison.
      • 4 Years Ago
      And so it begins.

      (The beginning of the end, that is).
      • 4 Years Ago
      S that right?, ouch that' S got to hurt, I guess they need to start S elling that new car they were S uppo S ed to be building.....mmm I can't think of the name. o well.
      • 4 Years Ago
      Anyone expecting anything other than a loss for years to come was out of their mind. Their is no way to expect a profit until the Model S sells in numbers.

      Tesla knows this, the analysts know this. Who exactly is surprised? Some moron investors who bought stock because the Roadster is coo??
      • 4 Years Ago
      They are the Air America of Car Companies. OK, maybe not that bad, but with a business model built on a fantasy we can't expect much. Who knows though? If they can somehow manage to gain favor with some govt. entity they could be propped up for years, decades even.

      Maybe they should think about buying some of those nifty 1 litre ford ecoboost motors and plopping them in, lower the price, and they'd probably sell, eek out a tiny profit even.
      • 4 Years Ago
      Tesla's market cap is almost $2 billion??? Time to call the broker and short.
      • 4 Years Ago


      The next big stockholder money maker, after Tesla, is the GM IPO.
      • 4 Years Ago
      This road doesn't look good for Toyota or Tesla.
        • 4 Years Ago
        Actually Gruv, Amazon was born in the e-business boom but actually had a sound business model which is why it's still around. The rest of those e-businesses went down like the Titanic.

        1) Produce electric cars
        2) ???
        3) Profit!

        What did anyone expect would happen to Tesla?
        • 4 Years Ago
        And you can count Volt/Ampera in. There will be no massive surge of plug-in cars until we, and that means the mankind, build more nuclear power stations quickly to secure a massive supply of clean energy.

        And since ecoterrorists from Greenpiss and the likes are against those, as they are against hydro energy (spoil the nature) and wind turbines (dangerous to birds), market expectations for plug-ins are not in line with projected energy output.
        • 4 Years Ago
        I'm pretty sure Amazon lost a lot of money the first few years they were around. No big deal.
        • 4 Years Ago
        Lol yeah.. at least Toyota will have a product to sell for the next 2-2 years.

        Tesla's monthly sales are in the 10's every month. I don't think they actually make any money on those cars either. They haven't had a profitable month in 4 years so far.

        And people just bought into their IPO.
        I'd bet on Chrysler making a full comeback and overtaking Hyundai before i bet on Tesla.. lol
      • 4 Years Ago
      Tesla has a showroom on PCH in Newport Beach. They need the model S badly.
      The Lotus-esque one doesn't do it
      • 4 Years Ago
      Time to sell some watches like DeLorean did

      lol

      • 4 Years Ago
      This is a perfect example at how to make a car company and be ready to flip it for a profit...The Value of the name brand is worth more then what they sell...They haven't even sold all of the roadster yet..
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