{"id":710113,"date":"2020-01-30T19:22:00","date_gmt":"2020-01-31T00:22:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=710113"},"modified":"2020-01-30T19:22:00","modified_gmt":"2020-01-31T00:22:00","slug":"tesla-posts-its-first-annual-profit","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=710113","title":{"rendered":"Tesla Posts Its First Annual Profit"},"content":{"rendered":"<p>140Mandak262Jamuna writes: Tesla announced its 2019 Fourth Quarter results. &#8220;Expectations were high this quarter after Tesla destroyed earnings expectations with surprisingly high profits last quarter. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits of $2.14 per share (Non-GAAP) in Q4 2019 &#8212; over expectations for both revenue and earnings. The automaker continues to improve its financial position with strong results and increased its cash position by almost $1 billion to now $6.3 billion.&#8221; Stock zoomed in after hours trading and continued to rally today. The short interest tracker S3 Partners reported that shorts lost another $1.5 billion today, as the stock zoomed very quickly on open giving them very little time to cover at anything close to yesterday&#8217;s prices. According to this report they had $5.6 billion YTD profit last June. They have raked up losses of almost $13 billion dollars since.<\/p>\n<p>The investor conference call revealed nuggets like improved range for dual motor cars, Model Y production starting sooner than expected, the solar side has started growing again, etc. Despite all the headlines about first &#8220;profitable&#8221; year, technically the company lost money on GAAP basis.<\/p>\n<p \/>\n<div class=\"share_submission\">\n<a class=\"slashpop\" href=\"http:\/\/twitter.com\/home?status=Tesla+Posts+Its+First+Annual+Profit%3A+http%3A%2F%2Fbit.ly%2F2RJ0nRH\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2020\/01\/twitter_icon_large-1188.png\" \/><\/a><br \/>\n<a class=\"slashpop\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fnews.slashdot.org%2Fstory%2F20%2F01%2F31%2F009223%2Ftesla-posts-its-first-annual-profit%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook\"><img decoding=\"async\" src=\"\" \/><\/a><\/p>\n<p><a class=\"nobg\" href=\"http:\/\/plus.google.com\/share?url=https:\/\/news.slashdot.org\/story\/20\/01\/31\/009223\/tesla-posts-its-first-annual-profit?utm_source=slashdot&amp;utm_medium=googleplus\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2020\/01\/gplus-16-603.png\" alt=\"Share on Google+\" \/><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/news.slashdot.org\/story\/20\/01\/31\/009223\/tesla-posts-its-first-annual-profit?utm_source=rss1.0moreanon&amp;utm_medium=feed\">Read more of this story<\/a> at Slashdot.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" height=\"1\" width=\"1\" alt=\"\" \/>&#013;<br \/>\n&#013;<br \/>\nSource: Slashdot &#8211; <a href=\"http:\/\/feedproxy.google.com\/~r\/Slashdot\/~3\/wKohlL5sWME\/tesla-posts-its-first-annual-profit\" target=\"_blank\" rel=\"noopener noreferrer\">Tesla Posts Its First Annual Profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>140Mandak262Jamuna writes: Tesla announced its 2019 Fourth Quarter results. &#8220;Expectations were high this quarter after Tesla destroyed earnings expectations with surprisingly high profits last quarter. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=710113\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":710114,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[101,110],"tags":[100],"class_list":["post-710113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slashdot","category-unfiltered-rss","tag-slashdot"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/710113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=710113"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/710113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/710114"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=710113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=710113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=710113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}