Alternate title: "Companies spend money and most companies fail" What's their proposed alternative if you want to build a future car company? Don't spend money

Alternate title: "Companies spend money and most companies fail" What's their proposed alternative if you want to build a future car company? Don't spend money? Don't take risks? > Tesla, Uber, along with three other cash-burning fanatic firms, have lost a combined $100 billion over the past decade, the Economist reports, but all together they combine to have a market value of roughly $300 billion. So by "lost" they mean "invested." And "along with three other cash-burning fanatic firms" is a total canard. Jesus Christ what a sad article. The whole point of investing is an ROI in the future. How else do you expect to build a new car company in this decade? Nobody disagrees that it isn't risky, just like it wasn't when Amazon did it and succeeded. They are spending like crazy because the rewards are huge. Tesla missing a deadline by a year still pulls the industry forward by 10 years. Buying old tech stocks like IBM is practically making a bet against technology - that technology will stay the same. Tesla is trying to do new things and invest in future stuff. No shit it's risky and capital intensive. What did they expect?