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Insights

Just when Google thought it was safe to enter the water to lay its giant internet cable between the US and Japan, it discovered it must contend with the ocean’s top predator

The sharks that are biting into Google’s cable systems

Just when Google thought it was safe to enter the water to lay its giant internet cable between the US and Japan, it discovered it must contend with the ocean’s top predator

Latest Reports

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Social network participation among Fortune 500 CEOs Positive trends point to a US embrace of solar power

Tesla’s positive buzz

Though it revealed a net loss of $90m for Q4 2012 ñ approximately $0.79 per share ñ electric vehicle manufacturer Tesla maintained its predictions of …

Though it revealed a net loss of $90m for Q4 2012 ñ approximately $0.79 per share ñ electric vehicle manufacturer Tesla maintained its predictions of a first quarterly profit in its Fourth Quarter & Full Year 2012 shareholder letter. Investor confidence has taken a significant dive, but Tesla saw revenues of $306m through Q4 (a 500 percent increase on Q3) and concluded the year with $221m in total cash
despite its losses.

Despite consistent improvements to its profitability margins, Tesla has yet to negate excruciatingly high research and sales expenses. Demonstrating a debt-to-equity ratio of 3.62, the carmaker is yet to repay $450m of long-term debts ñ let alone $1bn in overall liabilities.

It remains to be seen whether Tesla can overturn its negative free cash flow (which is now in excess of $500m) or its negative cash conversion cycle of 46 days, but the company sustains hopes of a profitable return (for the next quarter at least).