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Yes, the results do speak for themselves: an unprofitable company with a petulant, childish troll as a CEO. Just because you act like Steve Jobs doesn't mean t
by exogeny 5y ago
Yes, the results do speak for themselves: an unprofitable company with a petulant, childish troll as a CEO.
Just because you act like Steve Jobs doesn't mean that you are Steve Jobs. You can ask Adam Neumann about that.
- nemothekid 5y agoFWIW, Tesla isn't unprofitable anymore (even if you remove the EV credits)
- mdoms 5y agoHow about if you remove their bitcoin and doge earnings.
- babesh 5y agoYou are spreading misinformation. Their Q2 earnings were out recently. They made over 1b in GAAP profits in Q2 while recording a book loss of about 32m on their Bitcoin holdings. They don’t record any Dogecoin on their books. At least report facts. https://ir.tesla.com/_flysystem/s3/sec/000095017021000524/tsla-20210630-gen.pdf https://ir.tesla.com/_flysystem/s3/sec/000095017021000524/ts... Their Q1 earnings recorded only about 100m in profits from Bitcoin. Do some math. Hate on him all you like but at least report on facts.
- new_realist 5y agoIf you look at earnings since inception, they're still down roughly -$5 billion.
- babesh 5y agoThe same argument applies to every single company. The question is when and if they turn profitable. That is a legitimate question to ask. However, answering the question at a single non terminal point in time doesn’t make much sense. You can look at that, look at their prospects, and then make your own valuation. Take the 5B in losses historically, take their growth rate, take their expected margins, take their competition, and make your decision. - 5B loss over company history - 1B profit the last quarter - 50% growth historically - increasing margins - sold out car and energy products - potential increased competition
- new_realist 5y agoIf you look at earnings since inception, they're still down roughly -$5 billion.