No, it doesn't. They're taking Tesla's corporate loss and dividing it by sales to say that Tesla loses money on each vehicle sold. This is incredibly poor reasoning. It's like saying Amazon lost money on every product it sold until 2016. Tesla has a net loss because they invest very heavily in R&D for new vehicles, battery factories, etc. Their per-vehicle profit margins are actually very high, often quoted as around 25% [1][2].

[1] https://seekingalpha.com/article/3972238-tesla-manages-make-...

[2] https://www.fool.com/investing/general/2016/03/27/how-tesla-...