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> Tesla is a car company. Tesla is a very complex financial operation which, sometimes, sells some cars. From Musk's point of view it's working exactly as plan
by frollo 4y ago
> Tesla is a car company.
Tesla is a very complex financial operation which, sometimes, sells some cars. From Musk's point of view it's working exactly as planned.
- toast0 4y ago>> Tesla is a car company. > Tesla is a very complex financial operation which, sometimes, sells some cars. That's not that unique, my understanding is most of the major car companies are primarily in the business of auto financing, but they make cars to give people something to finance.
- perardi 4y agoI am not entirely sure where that comes from. Let’s take a look at GM, as those numbers are readily available. GM Financial: $13.419 billion in 2021 GM: $127 billion in 2021 https://en.wikipedia.org/wiki/GM_Financial https://en.wikipedia.org/wiki/GM_Financial Seems to be a lot more revenue coming from the cars than the financing…
- cot6mur3 4y agoTrue, but the Net Income numbers ($3.8 billion from GM Financial, $9.9 billion at all of GM) are a lot closer. Looks like 38% of GM Net Income is earned by GM Financial?