If you sell water bottles for a $2/ea loss, and the government makes soda companies pay you $3 for each bottle of water... you don't have a good business.
Hyundai recently spent the equivalent of Tesla's quarterly revenue (not profit) just to build a new EV assembly line. They are small and insignificant in grand scheme of the auto industry.
>If you sell water bottles for a $2/ea loss, and the government makes soda companies pay you $3 for each bottle of water... you don't have a good business
Why is that not a good business? It makes profit. How is a profit making enterprise not a good business? If someone gave you that business for free would you refuse to take it? Why would anyone refuse free money?
>Hyundai recently spent the equivalent of Tesla's quarterly revenue (not profit) just to build a new EV assembly line. They are small and insignificant in grand scheme of the auto industry.
Source? All I see is that they are building a $5.5 billion EV factory, and Tesla's revenue last quarter was $21.5 billion dollars. From where are you getting your information?
>They are small and insignificant in grand scheme of the auto industry.
How are they small and insignificant when the below is true:
>Tesla reported net profit of $2.3 billion for the second quarter ended June 30, up 98% year-over-year, outperforming GM whose net profit was $1.7 billion, down 40.3%. The Austin, Texas automaker even made three times more money than Ford, which reported a net profit of $667 million, up 19% year-over-year.
The only cars that Tesla ever sold for a loss were their original Roadsters. Every other car since has been sold for significantly more than the cost of production, even if you remove the emissions credit. Tesla lost money overall in the first 10 years because they were spending furiously on R&D and facilities, but ever since their first Model S they've made significant gross profit per vehicle.
