Tesla announced it lost more money in the fourth quarter of 2015 than it lost in all of four quarters of 2014 — $320 million compared with $294 million – and its stock rose 9%.
In fact, Tesla lost $889 million on revenue of $4 billion for the full year compared with a loss of $294 million on revenue of $3.2 billion in 2014 on an unadjusted basis. Tesla’s adjusted full-year revenue of $5.29 billion was slightly below analysts’ forecast of $5.38 billion.
Despite the annual loss coming in three times higher, investors were happy for three reasons. (more…)