I keep seeing reports how Tesla is just burning through cash (billions!!). They apparently also have NEVER made a profit in their 10+ years of existence. This makes me wonder. Will they survive without being aquired? I am not anti-Tesla... actually very much the opposite! I want them to survive on there own with out being aquired by a company like GM!
How much profit is Amazon making? Tesla is going to be fine.
Crypto is worth $650Billion
When Elon (Satoshi) cashes out his bitcoin, he can cover the losses at tesla.
Tesla will be a tremendous car business
Amazon didn’t make profits in many years either. These articles are designed for being clickbaity etc so people click and share it. Unless an article also provides the context, you can assume it’s not meant to be a fair portrayal.
Cool hope you are correct. I am not anti-Tesla... actually very much the opposite!
It's a weird economy, where commercial companies loosing billions a year are valued at billions or more, and enjoy injection of billions of dollars from investors... Most likely, big investors see a potential in these companies - a potential to return their money with huge profit, after becoming monopolies and screwing other people and other businesses left and right. All that is covered by the slogan "to make this world a better place".
If Tesla keeps making stupid cars like the model X they won’t survive. Anyone who thinks massive competition is not coming from BMW and others is naive
Many car makers will have their EVs on the market in one or two years and their EVs are competitive to Tesla’s in terms of the specs and design. On the other hand, I wonder if Tesla hits the production bottlenecks, why other EV makers will not have the same challenges that Tesla has today. If Tesla breaks the bottlenecks and gains the advantages from these learnings, these learnings then become trade secrets and IPs that other EV makers need to obtain to solve the problems that Tesla has today. My personal opinion is that Tesla has great potential to gain the advantages.
Amazon didn’t make a dollar in profit for nearly 20 years. HODL.
Well, The reason why Amazon is not profitable is different than that of Tesla. Amazon chooses to not be a profit focused company. As long as they stay with that same principle, we will never see Amazon “profitable” on the numbers. https://www.theverge.com/platform/amp/2013/4/12/4217794/jeff-bezos-letter-amazon-investors-2012
HODL