Article 13JQE Tesla posts loss in Q4 but expects to be in the black “starting next month”

Tesla posts loss in Q4 but expects to be in the black “starting next month”

by
Megan Geuss
from Ars Technica - All content on (#13JQE)
tesla-model-3-concept-art-640x480.jpg

Model 3 concept art.

On Wednesday afternoon, Tesla Motors posted a 4th quarter net loss (PDF), but the company's CEO Elon Musk assured investors that Tesla expects to see "positive cash flow starting next month" and to be profitable again by Generally Accepted Accounting Principles (GAAP) standards in Q4 2016. Although the company's stock was down 3 percent at close of market, after-hours trading favored the stock price by 9.5 percent.

The company also confirmed that it would officially announce the highly anticipated Model 3 on March 31. Tesla added that it was on track for production and delivery of the budget-oriented car by late 2017.

According to the company's quarterly financial statement, it made $1.75 billion in revenue in Q4 2015 (or $1.21 billion according to GAAP standards, which treat leased vehicles differently), and $5.29 billion (or $405 billion, GAAP) for the 2015 year as a whole. Still, the company posted a net loss of $114 million in Q4 (or $320 million, GAAP).

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