That's not profit but it is ok

you always have to invest in development

if you don't you will die

if I remember right, when tesla did turn a profit the reason behind it was attributed significantly to California tax benefits

and really, having a company that consistently loses money is absurd, if the banking sector was doing this the financial collapse would have been 1000 times worse

It's a gamble that we will all drive electric

now that ain't gunna work some places

but by God it would work here

EZ

not really, we don't have the power infrastructure at present

also, it's gonna make a total mess of pavements with shitty charging cables all over the place

I do look forward to the vandalism that is inevitably gonna occur though

I have no doubt that in 30 years basically every car will be driven by electric motors though

my expectation is that tesla will either die or be bought by a real car company that understands obligations to investors and shareholders

I also think this will be the first time a chinese auto company will be able to enter the western market as it wont take much for them to trash teslas offerings

@LOGiK Amazon was losing money for a long time
They just were slways expanding
Tesla has a 40% margin on the cars

https://ycharts.com/companies/AMZN/profit_margin

amazons margins don't look too bad to me over the last 10 years

I am pretty confident tesla is a bull market

I'm also confident that long term tesla will annihilate itself, there are already significant reports of key vehicle component failures within warranty period, simultaneously tesla treats refurbished vehicles like junk and I'm gonna bet that in a couple of years a used tesla is gonna be about as appealing as buying a 3000gt vr4/gto/stealth for the reliability

ultimately once the used car market establishes low value, the new car market will be impacted

aside from that, as far as I've seen the jaguar ipace is reviewing better than teslas

all those years of making losses and shitty cars on the back of taxpayers and dumb investors leads them to end up being on par with a british companys first attempt in the market

@LOGiK Also the 35k version is vaporware
They make way more money om the 50k version
So they oush it back as long they can make exclusively the more expensive models

they literally haven't sold one at 35k

it doesn't exist

and sure, that's exactly what I said, I don't think they can turn any profit on the 35k one so they exclusively sell upper models where there is profit

garbage company

People are fawning over the fact that current p100d cars take forever to depreciate.

They forget that most new teslas start out that way. Then people start relizing theyre shit

Also p100d is just 1 character away from p00d.

Incredibly childish revelation.

Still made me chuckle.

None have been sold at 35k, because the more options you add, the further up the list you go. Its pay for play with cars.

as I said,the likely rationale behind that is they announced a model price that was too low and can't actually sell it at that

no other manufacturer has an issue with supplying base models

👍

BAD AZZ