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I got my $320 million from the WSJ and SEC filings. Musk and investors are still wildly optimistic about a company that has done nothing but eat money.

What would investors do if the government pulled their life support? Musk has billions of personal wealth. He could bankroll Tesla for years. If it ever made its money back I would have no qualms whatsoever about any money he ever made on it. But he doesn't. Probably because he's not stupid.

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Luxury electric car maker Tesla Motors Inc.said its fourth-quarter net loss nearly tripled to $320.4 million as the costs of launching its Model X sport-utility vehicle led to an 11th consecutive quarterly loss.

“I feel very good about things right now,” said Chief Executive Officer Elon Musk in a call after the earnings. Mr. Musk said the company has moved past a difficult period and is set for smoother times. “The last several months have been quite excruciating, really.”

Tesla generated about $179 million in cash from operations, $97 million in general services (mostly used vehicle sales) in the quarter even as capital spending of $411 million dragged down its cash.

Windermere FL
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Btw best I can figure Musk was worth around $300 million in 2004 when he bought into Tesla for $6.35 million.

Tesla's total DIRECT government assistance is difficult to calculate but is estimated to be $4+ billion. This does not account for tax credits to purchasers of the cars.

Ok so to be fair he's made most of his money from other business ventures. He's nevertheless made gobs of it from Tesla, which has a net worth of only around $1.2 billion to show for all of the money dumped into it.

But hey if you think this is ok, fine. This is venturing into politics now, as this is crony capitalism at its finest.

Windermere FL
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i'm not knocking the cars--they're serious eye candy and good tech; i just don't think the target market (über rich and slightly less über rich who can afford the extra $) should have paud less than the car actually cost to build, on my tax dollars.

thatisall.

Bridgewater NJ
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No, they reported $179 million in "positive cash flow from core operations", which I'm sure could be interpreted as a profit by some. But it's not.

Their actual company-wide net was a $320 million loss.

Windermere FL
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Musk was a billionaire before Tesla.

And if you went down to the bottom of the story, Tesla made 179 million in the 4th quarter.

Fullerton CA
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...exactly my point, VA.

Bridgewater NJ
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"on this green earth the cars *weren't* priced $50K higher. i mean...really! if people are gonna buy a luxury "electric" car then they damned well ought to *pay* for it. (and not you and me subsidizing their friggin toy.)"

Well that's a question best posed to those who lament subsidies to wealthy people. Teslas are priced in the same range as brands like Maserati and Lotus. These are not exactly your "Everyman" cars.

So our tax dollars are being used to buy expensive cars for already well-off people and to build charging stations so they can move them around. Billions of dollars into just one company. And the whole shebang has made a billionaire out of Elon Musk. He will have come out ahead no matter what happens to the company.

Windermere FL
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I'm not sure who you are quoting there, 888. Was that reply to me? It seemed like it is, but your [sic] is within a quotation that didn't originate from me.

Windermere FL
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There is also something to be said for subsidizing transitional technologies...

Fullerton CA
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"So given that a Model S sells for around $90k on average (depending on version), the buyer is paying, in the end, roughly $80,000. But the car cost about $120,000 to build. In order to sell at a profit - without government incentives - the car would cost at least $130,000. How many do you think they'd be selling if the price jumped by $50k?"

.....i'm JW why on this green earth the cars *weren't* priced $50K higher. i mean...really! if people are gonna buy a luxury "electric" car then they damned well ought to *pay* for it. (and not you and me subsidizing their friggin toy.)

~sniff~

as you were, folks.

Bridgewater NJ
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TOPIC: Just Wondering
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