3 ms·

Isn't losing 4 million dollars a day insane for a 17 year old company?

• stefan_ 4y ago
  Yes, geez, who would ever load up a company with a debt load like that? This is a "wet streets cause rain" level of understanding.
  • belltaco 4y ago
    They lost $1.14 Billion in 2020, long before Musk bought the company. They lost $270 million dollars in the latest quarter before Musk acquired them. This is 'make up bs to blame someone I don't like in spite of my total ignorance' levels of knowledge and understanding.
    • deleted 4y ago
      [deleted]
    • LoganDark 4y ago
      > They lost $1.14 Billion in 2020, long before Musk bought the company. But 4 million a day is $1.4 billion per year which is still larger than $1.31 billion (adjusted for inflation) > They lost $270 million dollars in the latest quarter before Musk acquired them. But $270 million a quarter is only $1.08 billion per year. So that means they were actually improving before they were acquired... but now they are getting worse again... what changed the slope?
      • belltaco 4y ago
        [dead]