Re:Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag
by kakwa_ on Thursday April 25, 2019 @02:11AM
(#19745487)
That's actually complete wrong. Amazon did have 2 years of somewhat heavy losses (around 1999 to 2002), with one pretty dramatic loss the quarter the dotcom bubble exploded.
But after that, they turned a profit almost every quarters, generally very small compared to their revenue, but a profit, and when they lost money, it was also quite small compared to their revenue (apart from 2 isolated quarters in 2012 and 2014).
Basically, apart from it first 2 or 3 years, and some isolated losses, Amazon was, for most of its existence, targeting a slightly above 0% net margin, and succeeded at it, proving it was self-sustainable.
It's not the same as Tesla which is consistently losing around 10 to 20% of its revenue for nearly the past 10 years.
But after that, they turned a profit almost every quarters, generally very small compared to their revenue, but a profit, and when they lost money, it was also quite small compared to their revenue (apart from 2 isolated quarters in 2012 and 2014).
Basically, apart from it first 2 or 3 years, and some isolated losses, Amazon was, for most of its existence, targeting a slightly above 0% net margin, and succeeded at it, proving it was self-sustainable.
It's not the same as Tesla which is consistently losing around 10 to 20% of its revenue for nearly the past 10 years.