Shock: Tesla for the first time in two years closed the quarter with a profit

25 October 2018

Despite all the vicissitudes, the company Elon musk moved into the green zone

the Bender of the XXI century, American Madoff, Bernard Madoff from the world automotive industry: what comparisons was awarded to Elon Musk. And often those comparisons were well deserved. Is it possible to imagine another company that with the rapid growth of capitalization in each year has closed with big losses, and taking into account the production of several thousand vehicles per year at market value ahead of the secular leaders in producing millions of machines? Well, isn't that a pyramid scheme with a touch of high-tech?

But October 24, 2018 Tesla himself Elon Musk will forever enter into his history as a turning point. This day was published financial statements, which will still be unpleasant echo among the skeptics, trying to catch the Mask of dishonesty, flirting with the audience and other sins.

And the fact that for the first time in two years, Tesla reported net profit. For the third quarter the company was in the black by $311,5 million. And yet in the second quarter registered a loss of $717,5 million!

of Course, one could argue that for a company with such ambitions and such a high (though in a drawdown for the last time) the capitalization of such profit — just ridiculous. And indeed it is. But in this case much more important is the fact that Tesla was able to reverse the situation and generate positive cash flow.

But over the 15 years that have passed since the founding of "Nikola Tesla", it's only the third quarter, finished in the "green zone". Of course, the company will close in 2018 with a profit to at least reach "zero", it will need to make a profit of $1.1 billion, which is simply unrealistic. But now the question can not be about what she's about to run out of cash, the conveyor belt snaps and the Mask will go on the porch or in jail.