Tesla Reports a Profit (Sorta) While Elon Musk Shoots Self in Foot
As reported on Wired. BY DAMON LAVRINC Photo: Jim Merithew/WIRED Tesla Motors’ second-quarter numbers are out, and depending on how you figure profit, the electric automaker either made $26.2 million or lost $30.5 million. Also, Elon Musk regrets ever mentioning theHyperloop. First, let’s talk profit. Tesla’s net income for Q2 was $26 million, an increase of 70 percent from Q1. However, that’s not using the Generally Accepted Accounting Principles (GAAP) math — or non-GAAP. If you…