So, looks like Tesla is down 31 percent from a year ago. They are losing nearly eight times compared to last year. In Q3 Tesla lost $34.9 million, which if you calculate is up 7.6 times from the year before ($4.6 million).
Tesla has MONEY! $96.9 million in their account. That’s down compared to he $250 million they’ve raised in funding and stock sales. They have some of mine in their account J
Here is a breakdown of how Tesla spends their money:
- R&D: $27 million
- Admin: $20.4 million
- Nummi: $42 million
Sales:
Roadster orders went up by 15%
Recently, CEO Elon Musk said “We are very pleased to report steady top-line growth and significant growth in gross margin, driven by the continued improvement in Roadster orders and our growing powertrain business”.
