Re:Twitter Adopts Limited Duration Shareholder Rights Plan
by zionic on Friday April 15, 2022 @04:52PM
(#31045683)
>Up until very very recently they were losing money on every car they made
For others in the crowd, this phrase is extremely useful for spotting a short seller (or someone who was primarily influenced by the short-n-distort crowd from 2016-2019).
This statement is a lie, and was never true. Every car Tesla made was produced and sold at a profit. Their high margins fed crazy growth. You can only get to these bullshit statements by counting their reinvestment into factories as "loss".
For example:
-Make car for $40k
-Sell for $50k
-$10k/per car profit
-Make $xM in profit from cars for that quarter
-Raise $1B to grow based on the above
-Spend some of that $1B on factories, such that the total
spent of that $1B is more than $xM
-Short n Distort campaigners argue that because you spent more than you made, you are "losing money on every car".
For others in the crowd, this phrase is extremely useful for spotting a short seller (or someone who was primarily influenced by the short-n-distort crowd from 2016-2019).
This statement is a lie, and was never true. Every car Tesla made was produced and sold at a profit. Their high margins fed crazy growth. You can only get to these bullshit statements by counting their reinvestment into factories as "loss".
For example:
-Make car for $40k
-Sell for $50k
-$10k/per car profit
-Make $xM in profit from cars for that quarter
-Raise $1B to grow based on the above
-Spend some of that $1B on factories, such that the total spent of that $1B is more than $xM
-Short n Distort campaigners argue that because you spent more than you made, you are "losing money on every car".