3 ms·
> 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
by 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 agoQ4 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 agoThe 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 agoI think at this point it's pretty hard to start a successful mass market car company with any amount of funding.