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Thursday, March 28, 2024

Tesla’s Non-GAAP Quarter In Three Gigacharts (Added Free Option: GAAP Charts)

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yes, yes, we know: soon everyone will be driving a Tesla, and, perhaps, sooner Tesla will build its much-hyped, and so critical for its business model Gigafactory (although shouldn’t it be non-GIGA to go with non-GAAP… about which it had this to say: “In June, we broke ground just outside Reno, Nevada on a site that could potentially be the location for the Gigafactory. Consistent with our strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico and Texas.”). In the meantime, and just as the biggest wealth effect-creating (for the 0.1%) stock market of all time appears to be ending, here is Tesla’s quarter, and last few years, in three gigacharts.

Revenue: GAAP vs non-GAAP.

EPS: GAAP vs non-GAAP.

And most importantly, Free Cash Flow. There is only one type of these. And at this cash burn rate, Morgan Stanley will have to upgrade TSLA soon for another convertible offering.

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