Comment It's the "loses" that's misleading (Score 2) 169
A more accurate headline would be:
Tesla spends more money building factories and doing R&D then it makes selling cars / batteries / solar, but investments and sales of credits to other automakers allow Tesla to make a profit.
It doesn't really make sense to divide everything by cars sold, when there are other lines of business, and if you're going to discount future value by supposing the regulatory credits will reduce in the future, you should also add the factories they're building and the assets they are purchasing/developing.
The stock may or may not be overvalued/sold but the oversimplification of cars/(profit-arbitrary conditions) is a calculation supporting preconceived notions