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Still working toward indisputably increased earnings while growing the business, Tesla reported a record 7,579 sales and net income of $16 million by non-GAAP accounting last quarter, while losing $62 million according to customary accounting. The discrepancy comes from Tesla’s practice of reporting by non-generally accepted accounting principles (GAAP). These leave out financials affected by […]

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Yesterday Tesla Motors’ third quarter earnings were announced in an optimistically toned letter that highlighted everything positive it was doing around the world, and reported a modest gain by one accounting measure, and ultimately a loss. According to generally accepted accounting principles (GAAP), Tesla reported a loss of $38 million on revenues of $431 on […]

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As announced in advance last month, Tesla Motors has become profitable for the first time in its 10 year history. Its profit for the quarter ending March 31 on $562 million in sales from delivery of 4,900 Model S sedans out of over 5,000 built was $11 million. Tesla also doubled its gross margin in […]

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