Comment on Elon Musk demands another huge payday from Tesla
Voroxpete@sh.itjust.works 8 months agoTheir single biggest revenue stream is selling carbon credits. They’re basically a regulatory arbitrage business with a side hustle in cars.
Comment on Elon Musk demands another huge payday from Tesla
Voroxpete@sh.itjust.works 8 months agoTheir single biggest revenue stream is selling carbon credits. They’re basically a regulatory arbitrage business with a side hustle in cars.
LilB0kChoy@midwest.social 8 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 8 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 8 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 8 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.