Ah, so the actual reason for the loss is that they can’t expand capacity without squandering vast amounts of money. That’s much better.
Comment on Things at Tesla are worse than they appear
NotMyOldRedditName@lemmy.world 5 days agoNot a single tesla vehicle has ever been profitable as an actual vehicle.
This honestly couldn’t be further from the truth.
Tesla’s vehicles once ramped have always been extremely profitable (except probably the CyberTruck)
Any losses you see are due to their aggressive growth involving capital expenditures and research and development. It’s not that the vehicle isn’t profitable.
futatorius@lemm.ee 3 days ago
NotMyOldRedditName@lemmy.world 3 days ago
A thing would need to officially be a flop to be considered squandered like the Cybertruck is looking like.
They might have a few failures ahead of them yet though.
orcrist@lemm.ee 5 days ago
You have just argued against the article itself. Should we believe you?
NotMyOldRedditName@lemmy.world 5 days ago
The article doesn’t say they’ve never made a profit on any of their cars. If that’s what you got from that, you should try reading it again.
Also, if you make 1 billion in profit on something, and then spend 2 billion researching and developing and setting up a factory to build a new product you end up with a loss of 1 billion. That does not mean your first thing is unprofitable. This is pretty basic stuff.