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by formercoder
2600 days ago
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It’s hard to compare to other businesses because amazon cannot capitalize R&D. If they spend $1bn on software dev and Tesla spends the same amount on a factory, Amazon’s ebitda is down $1bn and Tesla’s is only down ~$100M. |
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Says software is capitalized over 3-5yrs. The difference is that software dev costs usually grow smoothly year over year but gigafactory launches are spiky