[JimboOmega]

Seriously.

We can double the size of a loss making business! We can lose money twice as fast!

Actually it looks like losses relative to revenues are smaller than they were, but that's still not impressive. Especially when it's non-GAAP anyway.

How much money do they have? How did they raise so much without giving any control away and not going to the public markets? I mean... a billion here, a billion there, sooner or later it adds up... right?

[georgespencer]

They've raised $15bn in total and their last valuation was about $70bn. In total they've lost around $6bn, meaning that between cash and credit facilities they have around $8-9bn in the bank.

[codecamper]

And when they need to make profit they can easily fire about 90% of their workforce & keep the machine humming in place.

[cmahler7]

can they? Their valuation is entirely based on self-driving cars, if they fire everybody and give up on that it's over for them.

[georgespencer]

I think he's being sarcastic. But it looks like they only need to increase price by 15% to achieve profitability, so it doesn't require firing 90% of their staff to get there.