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And if you want to see even more insanity, look at market cap versus profit. Tesla - who has not even made $1 BB of profit in its 15 years despite billions of
by tenpies 6y ago
And if you want to see even more insanity, look at market cap versus profit. Tesla - who has not even made $1 BB of profit in its 15 years despite billions of government money, tax credits, regulatory credits, and untold favours - is now valued at $185 BB. Musk's bonus this year is bigger than all the profit Tesla has ever made.
It is absolute insanity.
- deleted 6y ago[deleted]
- xkjkls 6y agoYou can add up every quarter they had a profit, and ignore the fact that they had losses every other quarter and it’s still not equal to his $750 million pay package
- Cthulhu_ 6y agoModern capitalism doesn't work with basic maths apparently; companies run off investor money for years, if not decades (AMD is one of those companies that has been running a net negative for a long time - not sure how they're doing of late though). Personally, based on a very superficial understanding of economy, I... don't actually mind - as long as their personnel, suppliers, and taxes are paid timely and adequately, they are doing their 'contribution' to the economy.