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It's clumsily worded, but I think what they were going for is something like "Tesla, like most Silicon Valley companies, uses most of its revenue to finance res
by apendleton 11y ago
It's clumsily worded, but I think what they were going for is something like "Tesla, like most Silicon Valley companies, uses most of its revenue to finance research and development for new products, so profitability depends on maximizing the returns on that R&D investment." The idea was that the R&D necessary for the Model S was intense, and the hope was to be able to extract more value from that investment with another vehicle that largely reused Model S's tech.
- colechristensen 11y agoIt's just not a software company and too many people don't get that. They're building their brand and developing their technology and supply chain with elite vehicles developing the potential for profit explosions when they're ready to release a commodity vehicle to the masses.
- deleted 11y ago[deleted]