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Most of the other car manufacturers make a majority of their money on financing services rather than making and selling cars. How is Tesla parking money in Bitc
by jimmydorry 4y ago
Most of the other car manufacturers make a majority of their money on financing services rather than making and selling cars. How is Tesla parking money in Bitcoin much different when most of them are essentially atttempting to make money outside their specialty?
- JumpCrisscross 4y ago> How is Tesla parking money in Bitcoin much different when most of them are essentially atttempting to make money outside their specialty? Car manufacturing is cash intensive. When car companies finance car purchases, they’re rarely doing so off balance sheet. They aren’t parking money; when they felt the need to they historically returned it to shareholders. Tesla financed its Bitcoin wager off balance sheet. It lost cash on the adventure, cash which could have financed operations.
- Ekaros 4y agoFinancing services as in gambling on market? Or making their products more easily bought? After all we are talking about products in most expensive things average buyer owns.