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Amazon had no profit for many years and here we are. Some could be told about Uber.
by thefounder 8y ago
Amazon had no profit for many years and here we are. Some could be told about Uber.
- hef19898 8y agoAFAIK Amazon had only a handful of unprofitable quarters in history. Even more important, Amazon was always cash-flow positive. Uber is a different story, so.
- natch 8y agoWith Amazon we're comparing a web site that sells stuff they don't even make to an auto manufacturer, insanely capital intensive. It's quite a different bar. I realize you're just replying to someone who brought this up, but I'm not convinced comparisons make sense.
- hef19898 8y agoI do get your point, you cannot compare the two. Yet, every time Tesla's finances are brought up someone is repeating the false "Amazon lost money the whole time" statement. Which is wrong both on the P&L and cash flow side. And Tesla would be bankrupt already with their cash burn rate if it wasn't for Elon and his investor magic. But maybe they wouldn't have needed his magic without his other attics in the first place.