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The ratios are different, but Uber lost over $2B last year, and overall, has lost $9B. Tesla didn't turn a profit for 8 years, until 2020, and from 2016-2018,
by bdcravens 4y ago
The ratios are different, but Uber lost over $2B last year, and overall, has lost $9B.
Tesla didn't turn a profit for 8 years, until 2020, and from 2016-2018, regularly had 12 trailing months of $1B losses or more.
- cj 4y agoWorth mentioning the thing that likely motivated TSLA to be profitable is that it’s a requirement to be considered for inclusion in the S&P 500 index.
- panick21_ 4y agoI don't really think that is worth mentioning. Tesla always wanted to be profitable, to get their they need a high margin mass production vehicle. Since they had that, the Model 3, they have been profitable. The Model 3 was always the plan.