Remember "pro-forma" earnings when Silicon Valley companies would ignore all kinds of items to make it look like they were making a profit right up until the moment they filed for bankruptcy? That's kind of what +Tesla Motors did yesterday.
Unlike those bygone net companies like WebVan and Pets.com, #Tesla is a real business and may well reach real sustained profitability at some stage. It's just not quite there yet.
The real news today is that Tesla lost $30.5 million
A closer look at Tesla’s ledger reveals the news isn’t as rosy as the headlines say. The company posted a net loss of $30.5 million last quarter, and that’s the real story.
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