GetOffYourGas
Well-known member
lpickup said:cwerdna said:They are losing money. What are these investments you speak of that you claim are helping contribute to putting them in the red?GetOffYourGas said:Tesla as a corporation "loses" money because they are investing heavily in the future. But an investment isn't a loss, hence the quotes.
Gigafactory, Supercharger network expansion, Expansion of service centers and mobile ranger fleet, and the creation and expansion of the Model 3 assembly line itself to name a few.
There are also some dubious investments not directly benefiting their car business such as the Solar City acquisition and the Powerpack/Powerwall product lines. I think it's probably somewhat fair to criticize them on those grounds, but again, those aren't directly related to their car business's ability to make a profit on a vehicle anyway, which is what's being debated here.
This. The first list lpickup provided are all investments for the future of the company. Yes, they are spending money. And they have negative profits, putting them in the red (spending is greater than revenue). I'm not suggesting otherwise. I'm just suggesting that the prudent observer would consider these investments in the future.