Tesla: Livin’ in my own little world

Tesla
Recharge, please, © Tesla

This or a similar sentiment could describe in a nutshell the content of the tweets and comments by Elon Musk, the charismatic CEO of Tesla (Nasdaq: TSLA). Reality is a bit of a world apart. In the fourth quarter of 2017, Tesla lost around USD 675 million despite strong growth in revenue to USD 3.3 billion. The average share loss was either USD 4.01 based on GAAP, which I prefer, or USD 3.04 per share based on non-GAAP.

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Tesla – losses continue to pile up

roadster
Concept study of the new roadster, © Tesla

Tesla’s third-quarter figures didn’t merely point to poor performance – the USD 671 million loss in particular was way more than anything most analysts had predicted. Based on non-GAAP accounting, including adjustments, shares lost USD 2.92 each. GAAP, which has the more relevant figures in my opinion, showed minus USD 3.70 per share at a revenue of USD 2.98 billion, which includes SolarCity’s.

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