Hacker News Reader

Comment by hef19898 | Hacker News Reader

hef19898

In all fairness there was a non-zero chance of Tesla running out of money at one point. At the final word on Tesla being worth what it is hasn't been spoken neither. I do have to give Musk credit for being able to maintain Tesla the way he does, under everyone else the company wouldn't exist anymore. Not that I think Tesla is particularly well run so, but Elon's ability to entertain the market and keep money flowing is impressive.

View on HN

While it is true that Tesla might have gone bankrupt. There is a big difference between 'this is a risk company with growth potential, be careful' and 'this company is fraud'.

Many TSLAQ people were far more extreme then saying 'they could go bankrupt, car industry is risky.

> Not that I think Tesla is particularly well run so, but Elon's ability to entertain the market and keep money flowing is impressive.

The haven't really need to raise that much money in a long time. They did some raises in the last couple years but that money is mostly in the cash balance now.

Its not like they are just raising more cash all the time.

The ability to run pump and dumps in crypto with impunity definitely helps.

No it doesn't. Stop claiming this nonsense. It is totally irrelevant for Tesla financials.

Tesla's Q1 operating profit of $594M was slightly less than the sum of their $101M Bitcoin profit and the $518M regulatory credits they received.

My goodness, the regulatory credits meme once again. How are those short shorts feeling by the way?

Ah, yes, the meme that is Tesla's own quarterly financial report.

Funny how people like you are so desperate, at this point you literally can't even use the current quarterly report anymore and must talk about the last one. And then string together a bunch of revenue that you can then somehow argue 'doesn't count' for #reasons.

Who cares about unit margin or operational margin, as long as you can pick a bunch of revenue items and by removing them they didn't make any profit.

And even if your argument was true and they didn't make #realprofit, who would even care as long as they keep having their current growth trend at the unit margin they have.

The meme that the number somehow matters at all while completely ignoring the massive growth

And in Q2 the lost $24M on Bitcoin. They got $300somethingM in credits. So what? Who the fuck cares.

And the regulatory credit thing is so fucking played out that people who still bring it up can only be described as haters.

Are you seriously unable to look at a long term trend? Can you seriously not see how Bitcoin is totally irrelevant in their long term story?

Reply on news.ycombinator.com