I was bullish all along on TSLA. Just didn't wanna rub salt on the wound.
Tesla TSLA has topped
- Thread starter Master Pu
- Start date
I love doing it... there's a endless supply of automotive industry experts and trading elites who continue to confidently assert yesterday's demise of Tesla.
Tesla is still not able to make any profits from building cars. The profit is still coming from selling emission rights and last quarter they even had to do a trick with selling some BTC to increase their "profit". Result from building cars was still a loss.
I always learned that sales are not important, making profit is. That's the aim of doing business.
I always learned that sales are not important, making profit is. That's the aim of doing business.
Didn't they make a profit off model 3?
The result from Tesla is still negative, like it was already many years.
Making profit on 1 model has no importance. The result of the entire company is what counts.
Shareholders only can get dividends if there is a profit end of the year. And there never was if you exclude emission rights.
So you're saying they're losing money on every sale of their car but they're making up for it by selling emission rights turning a profit from that?
@VicBee @Master Pu won't give an update because it's an imaginary short position. Like her imaginary $500 ETrade account.
Google it and you will see.
https://jalopnik.com/tesla-just-lost-one-of-its-biggest-emissions-credits-cu-1846824364
"Since 2012 Tesla has made several billion dollars in emissions offset credits sold to other automakers, with FCA having bought the lion’s share of those. According to a report from Reuters, the automaker formerly known as Fiat Chrysler Automobiles N. V. purchased around $2.4 billion in European and U.S. CO2 credits from Tesla just in the period from 2019 to 2021. Tesla shifted half a billion in credits within just the first quarter of 2021, in fact."
"On Monday after the close of business, Tesla announced its Q1 2021 financial results in its quarterly earnings call. The company turned a surprisingly large profit this quarter, but it didn’t do it by selling cars. Q1 net profit reached a new record for Tesla, at $438 million. Revenue for the electric car company was up massively to $10.39 billion. Unfortunately, all of that profit is accounted for in the company selling $518 million in regulatory credits, and $101 million was found in buying and then later selling Bitcoin."