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Garrison1999 t1_issxcrk wrote

Yeah most businesses don't plan to become profitable immediately. Tesla is still not profitable after almost a decade. Even for small startups it can take several years. A project of this magnitude would require massive financing, so twenty years seems reasonable.

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OMQ4 t1_issxt2r wrote

From a quick google search:

“Tesla then took profitability to the next level when it announced a $1.19 billion profit in the second quarter of 2021 (with $354 million coming from credit sales). Tesla ended 2021 with a net income of $5.51 billion (a 665% increase from 2020).”

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Garrison1999 t1_issy4xj wrote

Okay fair, thanks for the info. My knowledge was out dated. My point still stands that it takes a while.

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OMQ4 t1_issyie4 wrote

100% , also Tesla has been around since 2003 and didn’t become profitable untill like a year ago… that’s crazy!

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A_Soporific t1_isuai9p wrote

They have yet to be profitable over the course of a year, but they have been profitable for a single quarter. It's really a value judgement if that counts or not.

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Mr-Tootles t1_iswzwrc wrote

As an accountant… it does not.

There are so many ways to fiddle with profit in one quarter. So many one off accounting adjustments that can happen.

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