<story><title>Tesla lost $38M in third quarter, stock tumbles over 12 percent</title><url>http://arstechnica.com/business/2013/11/tesla-lost-38m-in-third-quarter-stock-tumbles-over-12-percent/</url></story><parent_chain></parent_chain><comment><author>cs702</author><text>Tesla&amp;#x27;s stock price at present reflects and is driven primarily by the exuberant optimism of its shareholders, not by mundane financial details like how many millions the company lost or how many cars were sold last quarter.&lt;p&gt;Consider that despite today&amp;#x27;s drop, the stock price has gone up 4.6x this year (from $33.87 at year-end 2012 to around $155 right now), but over the same period the company&amp;#x27;s quarterly revenues have increased only 1.4x (from $306 million in Q4 2012 to $431 million in Q3 2013).[1]&lt;p&gt;The future of a young, highly innovative company like Tesla is so uncertain that shareholders have little choice but to rely primarily on speculation and emotion rather than on analysis of (limited) facts to estimate the present value of the business.&lt;p&gt;--&lt;p&gt;PS. I&amp;#x27;m a HUGE fan of the company and Elon Musk, and want them to succeed beyond their wildest dreams.&lt;p&gt;--&lt;p&gt;[1] Quarterly financial results are posted on &lt;a href=&quot;http://ir.teslamotors.com/events.cfm&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;ir.teslamotors.com&amp;#x2F;events.cfm&lt;/a&gt;&lt;p&gt;--&lt;p&gt;Edits: added third paragraph; grammar.</text></comment>
<story><title>Tesla lost $38M in third quarter, stock tumbles over 12 percent</title><url>http://arstechnica.com/business/2013/11/tesla-lost-38m-in-third-quarter-stock-tumbles-over-12-percent/</url></story><parent_chain></parent_chain><comment><author>revelation</author><text>Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That&amp;#x27;s a fantastic number for a car manufacturer.&lt;p&gt;Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.</text></comment>