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Elon talks about it in the 2022 investor update [1] below. It means that they burned $6B in total before becoming profitable and eventually paying it all back.
by rogerkirkness 4y ago
Elon talks about it in the 2022 investor update [1] below.
It means that they burned $6B in total before becoming profitable and eventually paying it all back. So they are now lifetime profitable on a cash basis.
[1]: https://www.youtube.com/watch?v=pnXy8c0GOpE https://www.youtube.com/watch?v=pnXy8c0GOpE
- moralestapia 4y ago>lifetime profitable Is this like an accounting term? Because the ordinary interpretation of that does not make sense, for obvious reasons. Also, putting in 6B to (maybe) get back 6B 10 or so years later sounds like a shitty investment to me. ¯\_(ツ)_/¯
- jlmorton 4y ago> Also, putting in 6B to get back 6B 10 or so years later sounds like a shitty investment to me Note that the investment wasn't to get back $6b ten years later, it was for all future profits. This was one of the very best investments in decades.
- elif 4y agoDoes 5.46B Gross Profit in Q1 alone sound like a shitty investment to you? ¯\_(ツ)_/¯
- moralestapia 4y agoIf the bottom line is red, I wouldn't care much if that was a trillion. ¯\_(ツ)_/¯ Did you even check the website, btw?
- elif 4y agoDebt-to-equity ratios: GM: 1.14 F: 1.92 HMC: 0.74 TM: 1.06 TSLA: 0.08
- _ea1k 4y agoIts only a bad investment if it has zero value at the end of those 10 years, or stops producing cash flow then. OTOH, if its producing enough cash flow to have a market value of many times more than the 6B initial investment, it might look like a bargain. TSLA market cap is currently greater than 600B and it produced 6B in positive cashflow in 2021 alone.