More than six years after beginning to sell “full self driving” to consumers, Tesla Inc. beat on fourth-quarter earnings thanks to recognizing more than $300 million from sales of the software, which still doesn’t do what its name suggests.
Those analysts were not focused, though, on how Tesla beat on earnings — with roughly 9 cents a share coming from recognition of $324 million in deferred revenue for “FSD,” beta software for which Tesla charges $15,000 per vehicle. The company holds back on recognizing the full value of what customers pay for the software, claiming the revenue — which arrives basically as pure, 100% margin profit in the quarter — as it releases upgrades over time.
Wednesday’s windfall should have investors questioning exactly how Tesla is recognizing the FSD software.
OPINION: 99.9% of people who own Tesla stock and Tesla products do not do so based on or because of autonomous anything. It’s a complete and utter miss if you think that has anything to do with Tesla’s success.
Lmao corp. media bagging on Elon. What's new.
Just another lazy BS hit piece
I have a Tesla with FSD and I think it’s awesome. Keeps getting better. Go Elon!!
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Europe Inc earnings offer market optimists more hopeEarnings from major European companies on Wednesday offered some reasons for optimism about the region's corporate health, even as investors worry about the slowing global economy. why is your pfp a sqaure मगहर_लीला परमेश्वर कबीर साहिब मगहर से सशरीर सतलोक गमन कर गए। थोड़ी देर बाद आकाशवाणी हुई ' उठा लो पर्दा, इसमें नहीं है मुर्दा ' ' उनके शरीर के स्थान पर फूलों का ढेर पाया गया। God Kabir Nirvana diwas Reuters is corrupt to the core. I would not believe one word they publish.
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