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But... here's the thing... they have to build and deliver the cybertruck before they can recognize the revenue. That's the problem with building tangible asset
by dingosity 3y ago
But... here's the thing... they have to build and deliver the cybertruck before they can recognize the revenue. That's the problem with building tangible assets. If he had only sold an NFT of a cybertruck with a vague promise you might get to exchange the NFT in the future for a physical truck, he would be rolling in the cash.
Not to mention... I think cybertruck owners only put down $100 as a deposit. They didn't pay the complete price for it. So Tesla has to actually make trucks before people will pay the majority of the sales price.