Since having just gone public, Tesla has just released its first quarterly report and it’s not exactly a major windfall. While Tesla Motors did earn $28.4 million it still lost $38.5 million making this the second such income deficit this year.
As most people know, however, this early hit is entirely to be expected and doesn’t really factor into how one might expect Tesla to fair in the future. Any company with such intensive research and development and manufacturing processes is sure to take a while before turning a profit, especially one that just purchased a $42 million factory to produce its upcoming electric car the Model S. It’s likely that we’ll continue to see quarterly reports of loss for the next year or more.
Clearly investors aren’t phased by this report as the Tesla Motors (TSLA) stock prices hadn’t moved with this announcement and remain slightly below the opening price.
