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OK, it's true that its stock price is high enough that the market has priced it above the rest of the entire automotive industry. but that price will undoubtedl
by tessierashpool 4y ago
OK, it's true that its stock price is high enough that the market has priced it above the rest of the entire automotive industry. but that price will undoubtedly crash, and it's not the biggest car company by any realistic or stable metric.
they've been slashing their prices and they make cars which catch fire. they've been around a decade and they still haven't turned a profit.
and again, what's the huge payoff going to be with Twitter?
- burkaman 4y agoThe payoff has already happened, he is literally the richest person on Earth. With Twitter I don't know, he's probably expecting massive social power for himself or something.
- cecilpl2 4y ago> they've been slashing their prices And yet still have margins of >20%, dramatically higher than any other manufacturer. > and they make cars which catch fire At a rate roughly 10% of gasoline-powered cars. > they still haven't turned a profit They've been profitable since Q2 2020.