Reply to post: Re: A bit more scepticism wouldn't hurt

Elon Musk's Tesla burns $675.3m in largest ever quarterly loss

Anonymous Coward

Re: A bit more scepticism wouldn't hurt

Personally, I wouldn't bet against him.

Also worth considering that despite the Reg offering a screaming "burns $675.3m in largest ever quarterly loss" headline, if they'd bothered to read the press release a bit more, they'd have seen that cash flow from operating activities had turned positive, and to the tune of half a billion dollars.

P&L is merely theatre for the peasants. All the real action is on the cash flow statement and the balance sheet. They all (should) ultimately reconcile, but it does help to have a clue about what matters.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019