You mean profit and most people believe that could be true but a company doesn't sell the same product indefinitely at the same price and think it can stay profitable.
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Replying to @AustenAllred @JeffreyHiggins
Can we stop comparing Tesla to companies like Amazon, Apple, Google? It is a car manufacturer that so it needs to be compared to Ford, GM, Toyota, etc.
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Replying to @librab103 @JeffreyHiggins
It's the point you're missing. If a company is unprofitable only because they're dumping a ton of cash into R&D you should look at it differently. Tesla's margins are the same as Ford, GM, Toyota, etc, they're just investing more.
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Replying to @AustenAllred @JeffreyHiggins
It goes beyond R&D. Musk spent $3B to bail SolarCity. Spends millions a year servicing people's cars because he gave them ludicrous warranties. Spends millions on producing cars that sit in a lot. Tesla is not a sound business.
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Replying to @librab103 @JeffreyHiggins
Answer me this: If Tesla weren't producing the Model 3, what would its income statement look like?
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Replying to @AustenAllred @JeffreyHiggins
Who knows. I go on what a company is doing not what it could have done. I believe Tesla could be a profitable company. The first thing is to get rid of Musk.
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Replying to @librab103 @JeffreyHiggins
You need to understand that money isn't being wasted, it's being put into something that will bring even higher revenues down the road. They're not burning cash, they're investing it.
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Replying to @AustenAllred @JeffreyHiggins
I guess you misread the bloomberg article that came out today?
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Tesla will most likely spend around $4B in 2017 and what do they have to show for it? A car that they can barely produce, 2 new models that will not be available for another 2-3 years?
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I mean... a $35,000 fully electric car? The only question is can they produce at volume. If they can it's game over.
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