The 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 th

The 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