Quote:
Originally Posted by sloride
Except for the fact that Tesla is considered a technology company and not a "car company". Similar to Amazon, burned money for years, and never a problem raising cash. Don't know if I have enough time to see a return of any investment in my life time though.
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Both companies are so widely different and the market conditions even more so that trying to compare them is the epitome of apples to oranges.
And while yes, Amazon did have a massive burn rate in the 90s, it was nowhere near Tesla's billion-dollar quarterly burn rate even after adjusting for inflation. Once 2001 hit the free money party was over and forced Bezo's team to cut back on silly things to get serious. They were profitable by 2003.
Asking the same question of Telsa: if the free money party from investors and government carbon credits were to stop, can Tesla become profitable manage to become profitable in two years time?
In reality, I think Musk will probably take Tesla private while he sorts out his mess.