Tesla Hemorrhaging Money Despite Millions In Gov’t Subsidies

Tesla Hemorrhaging Money Despite Millions In Gov’t Subsidies | The Daily Caller:
"Liberal entrepreneur Elon Musk’s business ventures have benefited from nearly $5 billion in government subsidies in the past few years, but apparently that’s not enough taxpayer support to stop his electric car business from losing $4,000 on every vehicle it sells.
Tesla Motors “burned $359 million in cash last quarter in a bull market for luxury vehicles,” according to Reuters, causing the company to “cut its production targets for this year and next.” Musk may even be forced to sell more stock to help plug the gap in the company’s finances.
Reuters reported that “Tesla plans to build between 50,000 and 55,000 cars this year,” most of which are built-to-order.
The company’s latest filings showed it “delivered 11,532 cars in the second period and said it had an operating loss of about $47 million, for an operating loss per car of about $4,000.”
Interestingly enough, Tesla’s losses may be much higher than the company reports. 
Reuters notes that using “generally accepted accounting principles, or GAAP, used by GM or Ford, Tesla’s operating losses per vehicle have steadily widened to $14,758 from $3,794 in the second quarter of 2014.”"