GreenCarReports has regurgitated the Bloomberg article
It say Tesla has never been profitable. There was that one month a few years ago.
Anyway, it's easy enough in just about any business to jigger things to show a one-month profit. Simply delay ordering some stuff for a few weeks, and slide a couple of sales from the previous month, and bingo!
Profit is best avoided, for tax purposes only.
I believe they had to show a path to profitability and they said they were on that path if it weren't for Model S development which is why they were seeking the loan.
It is somewhat paradoxical that Tesla's potential for profitability was ultimately enhanced by the recession-based challenges in the automotive industry and the resulting availability of an inexpensive NUMMI facility.
"If this is the future, I'm not that worried." Jay Leno (after driving a Tesla)
Deposit: Oct '09. 2nd Model S: 85, Red, Tan Leather, Obeche Matte, Tech, Pano, Active Air, Armor, 19"
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