The tricky thing about Tesla is figuring out what’s important in any given period. Is it how many cars the company made and delivered (7,785 last quarter), or how many were ordered? What about the $350 million that will be spent this quarter to speed up production? Is it the demand for the Model S sedan or the promise of the forthcoming Model X SUV (now delayed another few months)? Maybe it’s how many charging stations the company has installed (206 in the U.S. and Europe). Or how its giant battery factory is coming along. To further complicate the picture, Tesla can crow about the energy credits and electric drivetrains it sells to other car companies ($124 million).
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