Business

Three months after Tesla disappointed shareholders by missing "bigly" on Q2 deliveries, Elon Musk has learned from his mistake, and reported Tesla's "all time best quarter" for Model S and X deliveries in Q3, with a total of 26,150 vehicles, more than the 25,000 expected, of which 14,065 were Model S and 11,865 were Model X, reversing the Q2 drop in the car which has received increasingly mixed reviews.

Combined, Model S and X deliveries represented a 4.5% increase over Q3 2016, Tesla's previous best quarter, and a 17.7% increase over Q2 2017.

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Is it QE or is it earnings?

Authored by Anthony Saunders via Snake Hole Lounge blog,

The Federal Reserve was created by an act of Congress in 1913 and a stroke of the pen by President Woodrow Wilson. And the purchasing power of US consumers has never been the same.

Enter Bitcoin, the worldwide cryptocurrency and digital payment system. Currently, one  Bitcoin equals $4,423.

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to be getting worse with each passing quarter.

But Tesla isn't alone in burning cash on "EV's" as pretty much every electric vehicle offered to customers loses money on a per unit basis.