Tesla has never made a dime selling cars...
Why is there a question about cryptocurrency on this year’s tax return? I saw it while doing my daughter’s tax return using Turbo Tax.
Reminds me of the story about the fishing tackle salesman.
There was a Fishing Tackle salesman hawking his wares at the county fair.
Rods, reels and artificial baits of all kinds.
Some really beautiful fly fishing hand tied flies were especially prominent.
“Do the fish really like them?” One prospect asked.
“I don’t know, I don’t sell them to fish.” replied the salesman................
“Tesla has never made a dime selling cars...”
They’ve had quarters where they showed a profit, and the thought is in 2021 they will string 4 of them together.
Certainly worthy of a bigger market capitalization than Ford & GM combined.
/sarc
A lot of people are mistaken about what Tesla is. They are not a car company; they are a technology company, the car business is a portion of their value. Tesla is making huge profits in energy production, which will surpass car production as their main product. They have many deals worldwide with utility companies to capture and store energy, are a top seller of solar roofs and energy storage for homes and businesses, and are now in business with HVAC products for homes and businesses. In addition, they make efficient batteries, which is one reason the major automakers will have difficulty competing with Tesla in making EV cars. I believe that EV cars will only be 25 percent of cars made by 2035, so gas cars will be around for a long time. But Tesla will much of the EV market as theirs in order to make lots of money, much of it from robo-taxis and transport vehicles. Their stock is going up because of their future value a few years from now.