Tesla Q1 2017 Earnings Report — The Important Bits

In case you hadn’t heard, we’re just into the start of May, and that means it’s time for another quarterly earnings report from Tesla.

And since those figures have literally just been released, it’s time for me to give you a quick roundup of what they mean for Tesla and the rest of the electric vehicle and energy world.

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  • Martin Lacey

    I get your point about profitability Nikki, however I think you are NOT looking at the big picture.

    Tesla exist to accelerate the advent of sustainable transport. They don’t exist just to make a few thousand cars a year for the worlds rich to buy…. the rich are paying to make the advent of sustainable transport happen. First by investing in TSLA shares and secondly by buying Tesla cars. Without the rich Model 3 wouldn’t happen!

    Soon the same rich folks will buy Tesla roof tiles and battery energy storage systems, because the Tesla vision morphed into full energy integration. Guess what? When GF1 is fully operational GF3, 4 and 5 (possibly even 6) will be through planning and construction started. Model 3 customers will help make that viable and Tesla will boost their borrowing. By the time all those GF’s come online (about 5 years), Tesla will be ready to launch a prototype $20-25k 300 mile range EV which will signal the death of ICE cars.

    If Big auto doesn’t spend the kind of money Tesla are to transition and own full EV technology it will be almost too late. Just yesterday a GM exec said their next EV will be profitable, which goes to show just how far behind Tesla big auto is already!