Tesla Posts Second Profitable Quarter Ever (bgr.com)

anderzole writes from a report via BGR: Tesla on Wednesday posted its earnings report for the quarter gone by and investors will have a lot to cheer about. While analysts on Wall St. were expecting Tesla to post a loss, Tesla during its September quarter actually posted a profit, and an impressive profit at that. When the dust settled, Tesla posted a quarterly profit of $22 million and EPS of $0.71. Revenue for the quarter checked in at $2.3 billion. Illustrating how impressive Tesla's performance was this past quarter, Wall St. was anticipating Tesla to post a loss amid $1.9 billion in revenue for the quarter. As far as deliveries are concerned, Tesla during the quarter boasted that it achieved record vehicle production, deliveries and revenue. More importantly, Tesla reaffirmed via a shareholder letter that the Model 3 is still on track for a late 2017 release. You can read Tesla's shareholder letter here.

Comments

Impressive?

[Anonymous Coward]

Tesla during its September quarter actually posted a profit, and an impressive profit at that. When the dust settled, Tesla posted a quarterly profit of $22 million and EPS of $0.71. Revenue for the quarter checked in at $2.3 billion.

$22 million profit on 2.3 billion revenues is impressive? I guess by Silicon Valley standards where showing any sort of profit is "impressive".

Re:fun fact

[silentcoder]

Awww how cute, a conservative idiot who can't tell the difference between a cleverly poetic way of calling him an idiot and 'namedropping'.

If you spread bullshit theories that are supported by your ideology but disputed by the actual facts - you must be a conservative. Whether it's creationism, climate-change-denial, tax cuts for the rich, the relationship between gun-laws and mass shootings, the impact of race on police shootings, what REALLY happens when you deregulate things, how to get the best healthcare outcomes for the lowest investment, which race is most likely to kill each other (hint: it's white people, white-on-white murder outstrips all other races by a huge margin), what things actually cost (so they want to cut or avoid things for having a high price despite those things having a NEGATIVE cost [the ROI is higher than the price] and they end up actually cutting revenues when they attempt to cut costs - as with UBI and single payer healthcare), or how a company that is successfully doing something the company's they like told them can't be one is actually making it's money... if you do all that, you must be a conservative.

Which is not to say that there aren't bullshitters and idiots on the left - Jill Stein sadly has gone full retard this year for example, but at least there it's a fringe group - not the fucking party platform !