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Your graph doesn't really counter the parent's point. The profit line was trending upwards 2020 was their most profitable year. It certainly looks like the busi
by nemothekid 4y ago
Your graph doesn't really counter the parent's point. The profit line was trending upwards 2020 was their most profitable year. It certainly looks like the business was becoming sustainable.
- codeulike 4y agoIt certainly looks like the business was becoming sustainable The downturn in early 2022 hit them badly. They were losing money again when Elon bought them (one of the reasons he tried to pull out of the deal) Admittedly the way he structured his buy out made it worse by adding more debt.