> If Tesla had decided to stop with the model S and X, they'd likely be profitable right now. But they can't. A car manufacturer generally has to renew its mo

> If Tesla had decided to stop with the model S and X, they'd likely be profitable right now. But they can't. A car manufacturer generally has to renew its models every ~10 years with an overall mid-life. Tesla would be profitable if it had a net cashflow including these renewals. I'm not sure it's the case right now because it's difficult to differentiate between capex like building new assembly lines or R&D on core technologies and cost purely associated with the new models.