[OC] How Tesla made its latest (half a) Billion

Posted by sankeyart

40 comments
  1. So their entire profit is less than the regulatory credits they receive… Looks like they might not be as viable as a business as they say they are…

  2. I’m just gonna say it, these numbers have almost certainly been manipulated with before being released to the public. There’s no way that they are making any profit. Previous years were also slim. This year, auto sales have absolutely tanked internationally in Europe. They have been tanking in China but it’s about to take another nose dive. And, tho to a lesser degree than Europe, auto sales are tanking in America. They won’t even accept their own cars as a trade in. Knowing Elon’s history of overinflating, lying, and manipulating, this is almost certainly another instance of smoke and mirrors. We already know that they changed some of their payment terms from Net30 to Net45 to defer another few billion of debt to a later payment date. What else fucky is going on here? If this is already this bad with the smoke and mirrors, I really wonder how bad it is actually behind the scenes.

  3. Regulatory credits income > profit while supporting the admin trying to get rid of those regulatory credits. Seems fine 

  4. A few more years with the same development and they will be an energy generation and storage company, not a car company.

  5. Tends to happen when terrorist attack your customers and destroy your stores for no good reason. Not a Tesla bro, but i also have nothing against it either. Though i am not intimately aware of their prior quarters.

  6. Surely auto costs shouldn’t be so high given Tesla plants make their own parts right?

  7. waaaaaaaaait a minute. Companies only pay taxes on operating profit?

  8. Net profits are down 70% and stock is up lmao, what a clown show

  9. Noob question: how come Operating Expenses is not part of Cost of Revenue?

  10. I like how on reddit everyone was parroting that Tesla made all of its money from regulatory credits lol

  11. Are there any other non-startup companies that have a value that is 40 times larger than their yearly revenue?

    I really don’t understand how Tesla stock is valued so highly when they really don’t make that much money compared to their market capitalization and the market is beginning to become flooded with competitors.

  12. Obviously Elon has done a lot of damage by tanking Tesla’s reputation, but it’s always seemed to me like Tesla was running on borrowed time. They had a big advantage by being one of the first companied to offer viable fully-electric vehicles, but once the other big car manufacter started to catch up up it seemed questionable that Tesla would be able to compete in the long term. The US government basically making it impossible for BYD to compete with them in the US seems to be one of the only things keeping them afloat.

  13. I never get these. It’s so much easier to read an common sized income statement. Also, you can easily compare income statements side by side to see trends.

  14. Would be interesting to rearrange this and pair the cogs with the lines of business to show which ones are profitable into the gross profit line

  15. And at many points in time, Tesla was worth more than all other car companies combined

  16. Even it had all of its gross profit ($3 billion) as net profit, it would be still overpriced asf.

  17. Like that the graph shows “auto sales” as pointing downwards (I know that’s just the Sankey diagram), still looks nice. And that it ends in mostly red, not green. Satisfying.

  18. Tesla now resembles a traditional automotive manufacturer rather than the disruptive tech company Elon Musk once positioned it as.

    With gross margins narrowing to ~7%, Tesla is now operating within the margin range typical of legacy auto players known for high CoGS and thin profitability. Whether this shift proves sustainable or brings structural challenges will be interesting to see in coming quarters

  19. Where does their crypto currency business fall on this chart? 25% of their profit last quarter was from bitcoin, lol.

  20. Contrary to Reddit opinion, Tesla has good products and is a good company. Elon choosing to be actively political is the only thing that halted their momentum. I’m curious of what liberal Redditors would think if Elon stepped down from Tesla? Is there a redemption arc or are you guys going to keep boycotting?

    My mother is extremely liberal and she drives a Mercedes (Mercedes was a literal nazi collaborator).

  21. They still made profit… Come on, guys… we can do better. Bankrupt these Nazis

  22. Tesla may not make the fastest cars, but they do make the fascist’s cars.

  23. The company I work for had a very similar Q1 profit with a five times higher profit margin. Yet, Tesla is valuated 88 times higher than us.

    What an absolute bubble stock.

  24. showed this to a couple redpill types at work. Could see the realization slowly start to dawn about their welfare billionaire.

  25. I’m sure Americans love having this dumpster fire in their 401K.🤮

  26. How this company has a market cap above 800 billion is beyond comprehension

  27. And received 0.6B in regulatory credits so pretty much their entire net profit could be attributed to that. Without the 0.6, 600m regulatory credits they’d 200m in the red because they only had a net profit of 400m (0.4B). Fucking incompetent nazi shit; doesn’t even know how to run a business and make it profitable. I hope BYD runs Tesla into the ground.

  28. Not sure if this is standard for these types of reports, but why is their tax number in Millions while the others are in Billions? For example, net profit is 0.4B while their tax liability is $169M. Why not just say 400M?

  29. 600 million dollars of regulatory credit vs 160 million dollars of taxes. That’s some ridiculous figures.

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