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>Also, Tesla is currently the only US company that figured out how to make EVs profitably. That's not really true these days and hence part of the grift. Early
by johnnyanmac 2y ago
>Also, Tesla is currently the only US company that figured out how to make EVs profitably.
That's not really true these days and hence part of the grift. Early Tesla was only profitable because they were first to market and had huge subsidies to take advantadge of. It's no coincidence that Musk started moving right as Trump took his first office and was clearly antagonizing EV tax credits (as he does now).
Meanwhile, in the 2020's TSLA isn't profitable from cars. It's from BTC and some weird loophole I don't fully understand letting them amortize that value for multiple years.
- ein0p 2y agoCitation needed. In 2024 Tesla reported average margins of about 20%, excluding all that. I get it, you don't like Musk, but let's not get carried away here.
- johnnyanmac 2y agohttps://www.cnbc.com/2025/01/29/tesla-reports-600-million-profit-boon-from-digital-assets-rule-change.html https://www.cnbc.com/2025/01/29/tesla-reports-600-million-pr... Nothing I said was really opinion here. How about you cite how they excluded the crypto and got 20% profit margins if you're going to simply ask for sources and call me biased? I don't exactly trust Hollywood accounting knowing the above story.
- ein0p 2y agoYou're trying to weasel out of this, which I will not allow. I specifically said that they make profit in their car business _even excluding_ all the other things. They do carry forward prior losses, of course, of which they had a massive amount, and reduce their tax obligations to near zero with them, but they are profitably building EVs. Why? Because they are vertically integrated, and they also build their own batteries, like e.g. BYD.