1. Has Tesla or any of his companies made a profit. I keep reading and hearing they haven't.
2. Hasn't he built his businesses totally off government subsidies? Is this true?
If the above is true, that hardly puts him in the league of the Captains of Industry of old. Ok, maybe I'm being to hard on him Maybe he just recognizes that capitalism is dead and we not operate under this quasi-mecantilist even semi-fascist economic system. He cleverly takes advantage of that. If we look at it that way I gave him kudos for recognizing the reality and exploiting it.
It doesn’t really matter. That is mostly static from the pea nut gallery.
What he has done is create the company with a capitalization greater than that of Ford, GM and Chrysler combined. His last quarter sales were in the hundreds of thousands. He has the existing capacity tp produce millions of cars per year
He is now one of the greatest businessmen in American history ant what’s more........ he has become a Texan and all that implies
I think he’s more like Howard Hughes in his heyday. I also think the guys true genius is hiring people. He’s surrounded himself with the right people that mostly nobody has ever seen or heard, but his companies keep going in the right direction. That’s huge.
They have been profitable for a while. Their margins are the highest in the industry. They received money from the govt but paid it back, early and with interest. VW is said to be well run. It takes them 12-13 hours to assemble a car. Tesla, three hours.
Yesterday Musk sent his reusable SpaceX rocket to the ISS carrying four astronauts. The guy is truly an icon in manufacturing.
I saw a report to day of a $400 million profit. It explained that on the balance sheet assets were equal to liabilities and equity. I assume the profit was sales minus cost of sales and expenses. I don’t know the period but believe it was 2021. Tesla has immense equity
His American sales in quarter 4 were I believe 300+ cars while were only 253.