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You summed it up very well. "Profitable in a few months" means you're unprofitable. We can draw up all sorts of extrapolations based on preorders and expected
by kirse 17y ago
You summed it up very well.
"Profitable in a few months" means you're unprofitable. We can draw up all sorts of extrapolations based on preorders and expected order rates etc., but until the past month's income statement shows green, a business is not profitable. It really is that simple.
I hope nothing but success for Tesla in that they usher in an electric car revolution (just imagine if the USA became the primary source of electric cars for the world), but until then I'd like to see some numbers if I'm paying for Elon to run his mouth.
- calambrac 17y ago"Not profitable yet" does not necessarily imply "doing it wrong", but you're right, it is easier to ignore that fact, make a cheap snarky comment, and then act self-righteous because you know the definition of the word 'unprofitable'.
- davidw 17y agoI'd rather own stock in a company (early Google for instance), that is a few months out from 'profitable', with a sales curve that is trending up, up, up, than stock in, say, GM, in the last month or two that it was profitable.