Will Tesla Succeed?

[Massacure]

35. Tesla does not lose thousands of dollars on every car sold.

From their 8-k SEC report filed on May 3, in the first three months of this year they took in $2,035,060,000 selling vehicles but spent $1,496,649,000 to produce them. Throw in their other lines of business, and their gross profit was $667,946,000.

Tesla's issue is that their other operating expenses of $925,495,000 exceed their gross profit. Of those expenses, $322,040,000 are related to research and development. Presumably most of that R&D is dedicated to ramping up production and development of their new Model 3. A lot of people are betting Tesla will profitably produce those Model 3's before they run out of cash, but that is certainly not guaranteed.