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He can afford it as long as the stock market remains convinced Tesla deserve to be the most valuable car company in the world while being outside the top ten in
by smcl 2y ago
He can afford it as long as the stock market remains convinced Tesla deserve to be the most valuable car company in the world while being outside the top ten in sales ...
- mensetmanusman 2y agoTesla is a battery company that sells cars.
- ben_w 2y agoEven then; so far as I can see (which is limited) he's also making bank from SpaceX.
- jordanb 2y agoHow do you figure? SpaceX needs about a billion dollars of new capital injection every 18 months or so..
- ben_w 2y agoLast I heard, it was making a profit despite spending about 5bn on Starship: https://archive.ph/20230817224420/https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b https://archive.ph/20230817224420/https://www.wsj.com/tech/b... (I count "can make Starship on the side" as a QED of "making bank"). Regardless of how Starship concludes, when it does so it saves them ongoing costs, and turns "small profit" into "huge profit": either Falcon becomes redundant, or the R&D team does.