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The Pub For General Automotive Related Talk |
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#1 | |||
Bathed In A Yellow Glow
Join Date: Mar 2010
Location: NSW Central Coast
Posts: 2,530
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#2 | ||
[BU66OS]
Join Date: Jun 2009
Location: Central Coast NSW
Posts: 1,719
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I think this is taking on a pretty negative angle when it really isn't as bad as it seems. Tesla runs at a massive loss month on month due to the investments being made back into it. If he waited until he had a pool saved up and put it in R&D, then stopped when it goes into the red and again waited a bit more, he'd never get anything achieved. It's planned to run at a loss to generate more innovation and more income sooner.
The guy has a net worth of over $12 billion and his income from Tesla is $1.00 a year. He has the money game sorted. It's not like he's been withdrawing $133m a day from the ATM and burning it, it's only lost if he jumps right out of the market.
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#3 | ||
Bathed In A Yellow Glow
Join Date: Mar 2010
Location: NSW Central Coast
Posts: 2,530
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I didn’t see it as negative, more an article about long-term investment versus short term gain.
A lesson that could have been learnt by the Aussie industry to invest in long-term innovation. |
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#4 | ||
[BU66OS]
Join Date: Jun 2009
Location: Central Coast NSW
Posts: 1,719
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Ha maybe I'm the one looking with a negative view on things.
But year totally agree, perfect example of sacrificing short term loss for long term gain.
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FG XR6 Turbo Nitro BA XR8 Manual
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