Tesla's business just got much more complicated (TSLA)

pulse

March 22, 2017 10:57 PM

Tesla's annual report for 2016 is interesting from the get-go because the company no longer describes itself as primarily a carmaker.

What numbers?

Earlier this month, Tesla filed its annual report with the Securities and Exchange commission.

Annual reports — 10-Ks in financial parlance — are pretty boring documents, but they can provide some valuable insight into companies.

Tesla's annual report for 2016 is interesting from the get-go because the company no longer describes itself as primarily a carmaker, due to its acquisition last year of SolarCity, a $2-billion-plus deal.

Finally, losing money

Tesla lost less in 2016 than it did in 2015, but it still lost a lot. Compared with 2014, it lost hugely more. But it also brought in far more revenue.

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