31 Aug '15, 3pm

Tesla May Lose Money Building Electric Cars, Or It May Not

By John Voelcker 1,153 views Aug 31, 2015 Follow John Add to circle Tesla Store Los Angeles [photo: Misha Bruk / MBH Architects] Enlarge Photo One of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted Accounting Principles (GAAP) until 2020 or later. DON'T MISS: Tesla Model S P85D Lauded By Consumer Reports, 'Breaks' Rating System That requires Tesla [NSDQ:TSLA] to raise more capital periodically, as it said two weeks ago it would do again: It plans to offer up to $640 million in new stock to bolster its cash reserves. As of the end of June, its reserves and receivables together had dipped to $1.1 billion--perilously close to the $1 billio...

Full article: http://www.greencarreports.com/news/1099811_tesla-may-los...

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