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Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it
by xkjkls 7y ago
Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it incinerates capital
- nickik 7y agoThey lost that money because they had to repay massive amount of debt early in the year. They did that successfully and once that debt was payed they were profitable. What matters is that they produce lots of cars and the cars have a better then expected profit margin, focusing on anything else is simply foolish.
- xkjkls 7y agoNo, that’s GAAP loss, so that doesn’t include any debt repayments. That’s what the business generated. And they produced the most cars they ever did and still lost money for the tenth consecutive year, in a year where the expectations given from Wall Street and the company were to make money.