3 ms·
Not here to entirely disagree its bonkers, but Tesla lost about 6b until 2022 when it got profitable and has since returned a healthy multiple of its prior loss
by anjel 4mo ago
Not here to entirely disagree its bonkers, but Tesla lost about 6b until 2022 when it got profitable and has since returned a healthy multiple of its prior losses as profits.
- winfredJa 4mo agoTesla didn't have any real competition until recently from chinese side. 2nd OpenAI is a software company unlike Tesla
- emodendroket 4mo agoAmazon and Uber are other examples of businesses that looked like total basket cases for years. I remember reading, and at the time being persuaded by, articles arguing that Uber was doomed because there are no real economies of scale in livery services, and so the minute they began to achieve a dominant position and hike prices, countless competitors would easily swoop in and undercut them. Didn't turn out that way.
- anjel 4mo agoProfits are irreducibly profitable, regardless.
- y1n0 4mo agoTesla's losses were always a small fraction of annual revenue. OpenAI loses multiples of annual revenue.