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Ford was making a profit when the Model T existed. Tesla isn't.

• adventured 7y ago
  False. Tesla earned a net and operating profit this quarter and last and looks set to continue the trend toward consistent profitability as they roll out their more profitable position in China. They've reached a sales scale where their operating income is annualizing to well over a billion dollars per year. Operating income was $359 million this quarter, and $620 million combined for the two most recent quarters. Free cash flow for the quarter was a billion dollars. They're sitting on $6.2 billion in cash now.
  • xkjkls 7y ago
    You're quoting non-GAAP numbers. It isn't an achievement to make money just by paying people in stock. Cash flow is also inflated by the use of long-term leases. Tesla lost $800 million this year. That should be the focus.
  • reitzensteinm 7y ago
    While you can easily make a good argument that Tesla will be profitable from now on based on extrapolation, given that they lost money ($862 million) in 2019 your declaration of "False." like it's an open and shut case is misplaced (and rude). Parent cherry picked the facts for his argument, you cherry picked yours, neither of you have objective truth on your side. FWIW, I lean towards your argument more than theirs.