Some of Our Sources
- Mashable
- Technology Review
- TutsPlus - Code
- Vandelay Design
- FanExtra - PSD
- My Ink Blog
- Line 25
- Wal You
- Design Modo
- Codrops
Help Webnuz
Referal links:
January 31, 2020 12:22 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/5QsN2BVbyq0/tesla-posts-its-first-annual-profit
Tesla Posts Its First Annual Profit
140Mandak262Jamuna writes: Tesla announced its 2019 Fourth Quarter results. "Expectations were high this quarter after Tesla destroyed earnings expectations with surprisingly high profits last quarter. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits of $2.14 per share (Non-GAAP) in Q4 2019 -- over expectations for both revenue and earnings. The automaker continues to improve its financial position with strong results and increased its cash position by almost $1 billion to now $6.3 billion." Stock zoomed in after hours trading and continued to rally today. The short interest tracker S3 Partners reported that shorts lost another $1.5 billion today, as the stock zoomed very quickly on open giving them very little time to cover at anything close to yesterday's prices. According to this report they had $5.6 billion YTD profit last June. They have raked up losses of almost $13 billion dollars since. The investor conference call revealed nuggets like improved range for dual motor cars, Model Y production starting sooner than expected, the solar side has started growing again, etc. Despite all the headlines about first "profitable" year, technically the company lost money on GAAP basis.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/5QsN2BVbyq0/tesla-posts-its-first-annual-profit
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot