Just not true. Paying back debt does not affect profit, just removes a liability from the balance sheet. There was a big loss in Q1, unaffected by debt repayment.
OK I'll take that, I have never been line by line, but debt repayments (or possibly interest on them, can't remember), figure in the P&L calculations I've seen.
I guess it is wait and wait and wait until we get more actual figures then.
If I cared more I'd go through the entire financial report for one time costs and the variance from actual operational expenses incurred in the production, sales and delivery of the vehicles. Set against the energy business, which is clearly currently lossmaking.
We know that Tesla makes a profit on every car they manufacture. We also know that they have other costs of business which consume that profit and, most of the time, more than the profit they make.
I do wonder, if you were to ask them, how much it would cost Intel or AMD to build, from the ground up, a brand new ASIC and create the operating system software and port an existing set of application software to it.
They are exceptional costs which are not part of the day to day production of vehicles. But getting that new hardware/software combination into the vehicles in Q1 will have come with a fairly high sticker price. Something which will not repeat in the quarters going forward.
Although Tesla does still need to complete the development on the FSD software and get it through regulation for use. Again, a cost which will be met, mainly, from operational profit.
I do fill out my own company tax return.... I'm not completely unaware and burbling. But I must talk to my daughter (accounts exec), about the mechanisms of this, when she arrives on Saturday. Just so I have it clear in my head.