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That's not really the right analogy. It's more like Tesla bought a new factory for $1.5 billion, realized they couldn't use it, and sold it back for $1.36 billi
by boomboomsubban 4y ago
That's not really the right analogy. It's more like Tesla bought a new factory for $1.5 billion, realized they couldn't use it, and sold it back for $1.36 billion.
- mouse_ 4y agoYou could also look at it as "Tesla's investments devalued 1/3rd as much as everyone else's, outperforming the majority of the competition" Listen to me, I hate Tesla and I hate Elon even more, but being disingenuous isn't going to improve things. Everyone had a bad time during covid. If you wanna make fun of him, why not talk about the Model Y steering wheel's ability to simply fall off while driving? It's pretty hilarious.
- hgsgm 4y agoDo company treasuries put their cash into stock market? I'd expect low-risk low-return bonds.