5 ms·

The only reason Tesla didn't go bust, and Uber didn't go bust (yet), is the sheer quantity of capital pumped into the machine. It would be incorrect to describe

• vardump 6y ago
  > is the sheer quantity of capital pumped into the machine. Can you elaborate? > It would be incorrect to describe it as a success story, because the story is not yet over. Tesla seems to be pretty successful now. Plenty of cash in bank, (finally) profitable and a good amount of growth.
  • vardump 6y ago
    Q4 2019 profits $105 million, Q1 2020 $16 million. 8.5B cash. 32%+ Q1 quarter on quarter revenue growth (4.5B Q1 2019, 5.985B Q1 2020. Yet someone seems to disagree?
  • johnday 6y ago
    The point I am making is the same point you are making with your parenthetical "(finally)". The fact that something can become profitable after nearly 20 years of unprofitability is not a testament to its success; it's a testament to how the only way to accrue wealth is to start with wealth.
    • vardump 6y ago
      I think at this point it's pretty hard to start a successful mass market car company with any amount of funding.
• woodandsteel 6y ago
  >the story is not yet over Well if you are talking about corporations, the story is never over. It is always possible that a corporation that has been successful for a long time will go out of business. But basically you are looking at this all wrong. The world is transitioning from ice's to ev's, and in the process some present companies will make it and some will not. Tesla is at present much better positioned to be one of the successes.