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for 2021, 1.2 billion was spent on R&D, 1.7 billion on cost of revenue (guessing a decent amount of this was salaries), and 765 million was due to a class actio
by cragfar 4y ago
for 2021, 1.2 billion was spent on R&D, 1.7 billion on cost of revenue (guessing a decent amount of this was salaries), and 765 million was due to a class action lawsuit they lost. With all of these, they showed a loss of 200 million. There definitely appears to be some fat that can be trimmed.
This year is on track for a gain, but they sold some ad service for a billion which distorts things.
- duxup 4y agoBe interesting if they gut it completely just to try to make debt payments and how that would work.
- cragfar 4y agoIs the billion in debt payments actually confirmed? That would most likely require some increase in revenue which is probably why Musk is looking into the verified twitter payment thing.
- mikeyouse 4y agoYeah the terms of the debt arrangements were mostly public - $13 billion of junk debt which yields ~8%.
- s1artibartfast 4y agoSo at current rates, that is close to a zero interest loan.