So I dont see how the quote ties in with your statements about Tesla knowing where to invest (=capex)
Let's break it down for you:
1. Telsa has many investment ideas
2. Tesla spends massive amounts of CAPEX
3. Tesla incurs large amount of depreciation
4. Tesla's net income goes down
Re:Tesla Passes Ford by Market Value
by bigtimeidiot on Monday April 03, 2017 @03:53PM
(#14026500)
>Tesla spends massive amounts of CAPEX
How do they spend in relation to the other car makers? Do you think that auto manufacturing capex simply turns off one day? It's a capital intensive industry.
http://www.marketwatch.com/investing/stock/tsla/financials