Uhm, Q3 and Q4 was profitable without regulatory credits.

Because haven’t you heard? People on unemployment and other social services drive Mercedeses.

What do you mean has never turned a profit? They had a net profit during the last 3 quarters. Highly likely this quarter will break even or be slightly profitable too.

Generally, reservation systems with money down is to prevent fraud. This way they don’t overstock supply only to find out people were reserving just for kicks. Of course you will always have fall out once it comes to delivery, but its within margin of expectation as long as they limit fraud.

Tesla does put that into their COGS reporting... if you want COGS to go into gross margins though, that isn’t required under GAAP.

Tesla uses GAAP account just an fyi. They also publish non-GAAP numbers on top of those to provide more context. But other than that, they are statements are fully compliant with GAAP accounting like other automakers.

Not sure what point you are trying to make... sure enron started things legally then started to do illegal stuff later on, but how is any of this relevant?

Hey, I am not the one who set that low bar, SBA did. You can’t have it both ways.

And I would love to live in a fantasy world where words stop having actual meanings and you could use whatever word you want to mean whatever, whenever.

Actually, this is probably the most neutral article I’ve seen from Shillings on Tesla, to the point I think he’s been kidnapped and replaced by an impostor

Well technically speaking, they’ve been only mass producing cars for less than a decade.

Tesla has been profitable the last 3 quarters, if they come in profitable or break even in this quarter as well, they can even join the S&P500

I would disagree and point out Nikola is WAY more overvalued automaker, but then I remembered they haven’t actually built a single moving prototype let alone released anything other then powerpoint presentations, so it would be hard to call them an automaker...

And the government is most likely doing that. But that isn’t the same thing as sharing that data publicly.

The problem with that is:

50km NEDC is about 21 miles EPA. And over 50% of PHEVs fail to get even that.

Hey, Windows Mobile could have did well if HTC stopped using 3 year old hardware while refusing to license gpu drivers and Microsoft didn’t backstab itself with WP7 nonsense.

Well, instant acceleration can be fun, you can also optimize your time at the stop light. Generally most people refer things respond instantly rather than be laggy. Would you appreciate when your computer is instant or slow to respond?

You say EVs aren’t a thing in Europe but I disagree.

due to poor work quality from technicians formerly of BMW and described as “cocky” and “talking so much shit” by one of our sources