| >If you sell water bottles for a $2/ea loss, and the government makes soda companies pay you $3 for each bottle of water... you don't have a good business Why is that not a good business? It makes profit. How is a profit making enterprise not a good business? If someone gave you that business for free would you refuse to take it? Why would anyone refuse free money? >Hyundai recently spent the equivalent of Tesla's quarterly revenue (not profit) just to build a new EV assembly line. They are small and insignificant in grand scheme of the auto industry. Source? All I see is that they are building a $5.5 billion EV factory, and Tesla's revenue last quarter was $21.5 billion dollars. From where are you getting your information? >They are small and insignificant in grand scheme of the auto industry. How are they small and insignificant when the below is true: >Tesla reported net profit of $2.3 billion for the second quarter ended June 30, up 98% year-over-year, outperforming GM whose net profit was $1.7 billion, down 40.3%. The Austin, Texas automaker even made three times more money than Ford, which reported a net profit of $667 million, up 19% year-over-year. |