/biz/ - Business & Finance

>>56639822
Get back to work, thunderfoot

>>56639822
What has Elon musk done for me lately?

>>56639822
Because low iq people worship the ground Elon musk walks on instead of seeing him as the nepo baby grifter he truly is.

>>56639849
>>56639836
>>56639832
huh?

>>56639863
Is this a common response for you?

>>56639822
Because they're the 7th most profitable automakers in the world, next dumb question

>>56639893
>he can't name from memory any of the founder, current president/CEO, or a single board member of the six companies that are even more profitable than tesla
>not a single other person who shows up to this thread next will do that either
>not a single redditor or stocktalk fag who daily kvetches about how great tesla is has ever been able to do this, or ever will, or even understand the accusation
you sure that's why?

>>56639893
TSLA is the ultimate meme stock which is propped up by gamma squeezes and 110 IQ midwits who have just the right amount of charisma to convince the 100 IQ midwits to buy. No one wants an EV, they don't sell. They have no resale value. They cost too much to repair. Chargining is still total ass. Self-driving is a meme. And Elon is a gay silicon valley fuckwit that spends all his time trying to fit in with the cool crowd..

>>56639832
But his job is to tear down grifters

p.s. where's the webm?

>>56639893
They make money reselling carbon credits to other auto makers, not so much off of profit from selling cats. Government subsidized, corporate welfare in the name of the environment keeps them profitable.

>>56641459
*cars
Fucking autocorrect

>>56639893
Now do p/e ratios for them.

>>56640164
none of those people built those companies from nothing in less than 20 years. they manage already proven businesses and serve basically inelastic demand. they are also behind 10 years training AI on customer data and haven't built charging stations. if they did what musk has done, everyone would know their name

>>56641760
>built those companies from nothing in less than 20 years.
Elon isn't a founder of Tesla though.

Not as ugly as the new Corvettes

>>56642068
that's not a precondition to build something

>>56641459
Tesla only makes a small portion of its total revenue from selling regulatory credits - last quarter they took in a total of $23.3 billion in revenue, only $554 million of which was from selling those credits, or about 2.4%. Their net income was $1.87 billion, so even if those credits went away they would still be solidly profitable.

https://www.sec.gov/Archives/edgar/data/1318605/000162828023034847/tsla-20230930.htm

>>56642068
Tesla had three employees when Elon bought his way in, and he brought enough money to have the other 3 guys agree to list him as one of the founders. He ended up taking over after some conflicts with those first three guys, who wanted to keep Tesla small, doing conversion builds like the initial Tesla Roadster (which was a converted Lotus), while Ol'Musky wanted to move to mass production of their own cars. In hindsight Musk pushing them to mass production was obviously the correct choice.

>>56641760
The autonomous driving is basically DOA for Tesla since they obstinately refuse to use LIDAR. It's arguably kind of a meme anyway.

>>56642316
it works better than anything else, but what matters is the driver data

>>56642257
You ought to check on those % anon

>>56639822
Can a Toyota Tacoma take that hill?

>>56639832
Venomfag still salty 15 years later

>>56642370
??? Auto credits make about 2.4% of their revenue, just like I said. It would be 29.6% of their net income, which of course is a nice hunk, but Tesla would still be profitable without it.

>>56642302
>who wanted to keep Tesla small,

Sounds similar to the story of McDonalds.

>>56639822
Tesla is unironically going to be bankrupt in 5 years. Their car's are awful and their early mover advantage is quickly deteriorating. All of the brainlets who actually wanted electric cars have already purchased them and now average people arn't buying them. Telsa has already started to dramatically reduce the prices, but they are already in a death spiral.

Tesla was just another way for the government to launder the trillions in black/secret funds they have. the entire economy is fucking fake and gay. how do you guys not see this?

>>56641760
yeah and you can't name them. and don't know their actual track record.
you didn't even bother to cheat and look it up to try to compare on this goalpost-moving standard. pathetic

>>56639893
>7th most profitable
>worth more than all others combined
you "people" are really fucking retarded, arent you?

>>56642257
Did you just compare a revenue vs a profit?
Free money is profit, revenue costs money to make.

>>56640164
None of those more profitable companies is doing any growth of real proportions. Only Tesla.

>>56642563

>>56640164
>Mr. Nakada Toyota
>Mr. Brandsmore Windworth
>Mr. Adolph Hitler
>Mr. Faggot
>Brad
>Mr. Kim Lee

Want to try again?

>>56642563
they just raised prices

>>56639822
Buying a cybertruck is a guaranteed darwin award. When they short how are you going to exit the vehicle. Right now when a TESLA shorts you have to brake the glass to exit the vehicle, but a cybertruck got armored glass. https://www.youtube.com/watch?v=h1sRBeparVY

>>56639822
>tesla market cap: 672 billion
>toyota market cap: 309 billion
tells you everything you need to know.