Enron was a huge business that had millions of customers. It just happened to lose money while doing so. The crime was that they hid that last part.
Comment on Elon Musk demands another huge payday from Tesla
No1@lemmy.world 5 months agoEvery time I leave my house, I see dozens of Teslas driving around. If they’re not profitable, then they’re horrifically bad at making money. They’re ubiquitous. Pretty impressive market penetration for a business run by people who don’t know what they’re doing.
Hypx@kbin.social 5 months ago
homesweethomeMrL@lemmy.world 5 months ago
Also they deliberately turned off people’s power for more money. Like, scum-of-the-earth.
Riven@lemmy.dbzer0.com 5 months ago
Might be area dependant. Lots of them where I work at not many at all where I live at about an hour away.
Voroxpete@sh.itjust.works 5 months ago
Their single biggest revenue stream is selling carbon credits. They’re basically a regulatory arbitrage business with a side hustle in cars.
LilB0kChoy@midwest.social 5 months ago
Just like Amazon who is a cloud computing company with a side hustle in e-tail or Google which is an ad company with a side hustle in tech.
In general most people don’t really understand this about big companies.
guacupado@lemmy.world 5 months ago
Yeah but in their cases the “hustle” got them the funds to move into their current space. Musk just had so much money that Tesla outlasted all the red it was in. Same thing going on with Twitter.
We all know it’ll never fully go under, he has too much money for it too. It’ll last long enough to sooner or later come back up.
LilB0kChoy@midwest.social 5 months ago
No, it likely won’t, and part of that is also because of who’s invested in the companies success. Just another example of “too big to fail”.
Hypx@kbin.social 5 months ago
That depends on how bullshit the numbers really are. If it is just Jack Welch level of financial shenanigans, you can see a stump version of the company eventually surviving. If it is worse than that, then probably not.