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Tesla doesnt lose money. It has been profitable for the past 14 quarters in a row. SpaceX clearly could be profitable if it wanted to be, and it clearly will be
by misiti3780 3y ago
Tesla doesnt lose money. It has been profitable for the past 14 quarters in a row. SpaceX clearly could be profitable if it wanted to be, and it clearly will be in the future. It will probably be very profitable.
Most tech companies lose money before they make money. Amazon lost a shitload of money before it started turning a profit, now Jeff Bezos is the 2nd richest person in the world.
- rogerkirkness 3y agoTesla accumulated surplus/deficit (e.g. lifetime net consumption of cash) is much higher than it's lifetime gross burn ($6B) so it's definitely in material value creation territory.
- marvin 3y agoThis has also been clear to dedicated observers since 2017 or so, albeit with significant unresolved risk. The market finally priced it in around 2019-2020.
- JumpinJack_Cash 3y ago> > Amazon lost a shitload of money before it started turning a profit Amazon businss model was/is based on selling books/toys etc. online. Basically Walmart but online + obsession over customer and improving the quality of life of the customer + AWS Cloud. Tesla business model is based on the political choice to do away with fossil fuels. They aren't the same. Tesla is the product of a centrally planned economy because the avg. person didn't jumpstart the Tesla/EV phenomenon. Matter of fact when the avg. person is left free to choose with their wallet they stil buy ICE cars, despite all the billions in subsidies, funny math and psyop over the population to convince them that they are evil because they don't have the same time horizion of a SV billionaire who thinks that we should go to Mars because the Earth will be destroyed by the sun 5bn years from now.
- misiti3780 3y agoHow does this refute my point?