But you’d never know it from reading the coverage.
Here’s the first paragraph from an Automotive News article:
“Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla Motors Inc. grow its cash on hand during the first quarter of 2016, according to an earnings report that Tesla released on Wednesday… “
Then, as an afterthought, the article mentions:
“… as it reported a wider net loss of $282 million.”
So, Tesla lost almost $300 million… but Automotive News chose to emphasize “customer deposits” for its not-even-here-yet Model3 (which may not be here until sometime in 2017 at no-one-really-knows what price) rather than tout the fact that the company continues to lose money.
That’s the relevant fact.
And they used to teach in journalism school that you wrote about facts in news stories… and didn’t blowjob a company’s projections.
And they ask my why I drink….