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awkwarddaturtle | 8 years ago
From your "context": "What are the accumulated losses so far? $5-10B?"
$5-10B Losses doesn't translate into "profitable".
> Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?
Maybe? Electric cars existed before TSLA and electric cars will exist after TSLA.
What is with you? I'm a fan of TSLA. I like electric vehicles. I just don't believe in the cult of it.
Honestly, I don't expect crazy comments like "What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. "
to be upvoted on HN.
Maybe on reddit or some other social media, but I feel there is a higher quality of people here. And when I see something odd, I'll point it out.
vvanders|8 years ago
Go watch "Who killed the electric car", then you'll understand what a travesty the EV1 was. Electric cars have always been compliance cars before Tesla. Heck, Bob Lutz credits Elon Musk with why they build the Volt.
tpolischuk|8 years ago
ckastner|8 years ago
zamalek|8 years ago
> $5-10B Losses
$5-10B expenditure.
Which has not yet been shown to be a profitable decision, but unless the product flops it's not a loss either. $5-10B is merely a number that we're uncomfortable with - it is likely a necessary number because Tesla is now racing to grow in the EV market before bigger players (BMW, Toyota, etc.) enter it.