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This has been debunked already. They can profitably produce cars but have chosen to double down on investment to grow and create new technologies. They are a ha
by spectrum1234 10y ago
This has been debunked already. They can profitably produce cars but have chosen to double down on investment to grow and create new technologies. They are a hardware startup and can't scale "easily" like a tech startup could.
- forgetsusername 10y ago>This has been debunked already. No, this hasn't been "debunked". Have you ever looked at what all the auto majors spend on R&D? Do you you think that it's $0? Both GM and Ford spent $7 Billion on R&D last year. Tesla spent under $1BB. Yes, those old, stodgy, do-nothing companies outspent Tesla by a factor of 10-1 on R&D. This is a heavy R&D based industry.
- Dylan16807 10y agoThat bigger companies spend more on R&D has nothing to do with whether Tesla is able to turn a profit.