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Well, even accepting that premise, there's the small matter of the ~$500 million share issue constituting Musk's milestone payment. This drags the profit down a

• adventured 6y ago
  > And of course, running the biggest growth business on Earth at a significant profit probably isn't the wisest decision. That depends on how easily the growth is achieved, and whether growth is well-served by shoving more margin at it. For a time Facebook was the fastest growth business on Earth, and they were carrying 50% operating income margins, because their growth didn't require them to cut into their profitability to accomplish it. Facebook increased sales 91 fold in ten years, from $777m to $70.7 billion. At their peak of profitability in 2017 (prior to the big spending expansion for network control & monitoring purposes) they had a 55% operating income margin. The growth came so easily their margin just kept expanding as they went. Before Facebook, Google and Microsoft both accomplished something similar along their growth paths (before eventually sprawling and becoming obese). Those beautiful software margins.