Read a post by one of your peers and respond, making sure to extend the conversation by
Question:
Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.
Bottom of Form
I'm looking into Tesla Inc.'s income statement for years 2015-2019. Based on their 5-year trend, Tesla Inc.'s business is growing, albeit not at the same rate year to year. Revenue and gross income have increased each year. SG&A expenses are increasing, implying the company is investing to expand. However, Tesla, Inc. is not turning a profit. Their net income is in the red every year. Most of their money is going to produce their product, a relatively new in design vehicle. Another large expense is paying interest on borrowed money. As far as advice goes, I'm not sure what I can offer such a successful, eccentric businessman like Elon Musk. Perhaps find a way to produce Tesla's cheaper? Drive your production costs down so you can turn a larger profit. Although, I'm not sure if money is Musk's number one driver.
https://www.marketwatch.com/investing/stock/tsla/financials
Systems analysis and design
ISBN: 978-0136089162
8th Edition
Authors: kenneth e. kendall, julie e. kendall