Whoopsy:
MKSGR:
Whoopsy:

Tesla earnings out. 

The only highlight, GAAP net income: $331 million. EV credit sales: $397 million.

Another quarter that the 'positive' income is propped up by sale of credits instead of actually selling cars. 

 

In other words: without subsidies (trading proceeds from emission rights are subsidies) Tesla would be as dead as any other EV product. To date, EV only (!) survives because of subsidies. This is a very important problem, all around the world, not a single exception...

https://www.marketwatch.com/story/tesla-plays-smoke-and-mirrors-with-profits-again-11603329872?siteid=yhoof2

 

Tesla was 'profitable' for the last 5 quarters, but they are only because of the sales of the credits for the last 4 quarters. 

That's one reason why Tesla wasn't included in the S&P after posting 4 'straight' quarters of profit as 3 of those 4 aren't actually profitable. 

Nick, if Biden wins the election Tesla will be In good position to  increase profits and growth. It could be a huge buy. Musk companies products are well aligned with Biden’s environmental plans. Smiley


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A good memory is fine but the ability to forget is the one true test of greatness.