Just read the article about a prediction of Tesla dropping to $100 and being aquired by a tech company. Normally I ignore this crap. It's hard reading Tesla news, you need to sort through the BS from short sellers. Try to sniff out those that are trying to help them. I can't remember a company being under attack from the media and Wall street as much as Tesla.
It got me thinking, Tesla just needs to perform, return to profitablity, and the stock should go back up, making this guy eat his words.
My question: If I remember right, Q1 was a $700M loss, but they also paid back a $900M+ loan, correct?
So did Tesla report a straight "Gain from Operations" number?
I do the accounting for my wife's small business, and this is what I do.
I report the gain each month from operations, separate from extraordinary items such as loan payments, etc.
This way the owners can tell if the company is generating money.
Anyone know if they did something like this?
Cuz it seems to me, had they not had to pay back that loan, or simply got another loan (which they later did) to pay back that one, they would have had a profit.
It got me thinking, Tesla just needs to perform, return to profitablity, and the stock should go back up, making this guy eat his words.
My question: If I remember right, Q1 was a $700M loss, but they also paid back a $900M+ loan, correct?
So did Tesla report a straight "Gain from Operations" number?
I do the accounting for my wife's small business, and this is what I do.
I report the gain each month from operations, separate from extraordinary items such as loan payments, etc.
This way the owners can tell if the company is generating money.
Anyone know if they did something like this?
Cuz it seems to me, had they not had to pay back that loan, or simply got another loan (which they later did) to pay back that one, they would have had a profit.
