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Tesla has lost $6.5B over 17 years. It’s cheap money which has allowed it to persist despite these losses.
by new_realist 7y ago
Tesla has lost $6.5B over 17 years. It’s cheap money which has allowed it to persist despite these losses.
- foota 7y agoSeems pretty cheap?
- bjelkeman-again 7y agoYou say losses, i say investments. I expect they will be recouped now.
- selectodude 7y agoToyota is the most profitable large car manufacturer on a per-vehicle basis and they make under $3,000 per car. Tesla needs to manufacture a few million more cars and not lose another penny before they recoup that investment.
- cma 7y agoTesla charges $7,000 for full self-driving vaporware, and has already recognized a huge portion of it, even though they haven't delivered practically any of the value of it (they claimed your car would appreciate by over $100,000 when it entered the robotaxi fleet this year). More than Toyota's whole margin, they spent a lot on it but recently cut R&D significantly even though they aren't close. Maybe with the latest fundraising round they will increase R&D again and deliver before the cars that were bundled with it are falling apart.
- m463 7y agoI've sort of wondered about that. Governments should foster entreprenuers, the most important source of economic growth, and cheap money might be more successful and egalitarian than fingers-in-the-pie subsidies or other methods.
- Dumblydorr 7y agoCheap money is great for new companies. Whether it be Amazon, netflix, uber, lyft, Airbnb, lets face it: they all get a ton of cheap money to finance their technical coding and R&D. This is not a bad thing inherently, what we are describing is how you get hard technology to scale much faster.