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by pseudosavant 880 days ago
> For the entirety of 2023, total revenues stood at $96.8 billion, of which $82.4 billion came from automotive revenues, a 15 percent increase compared to 2022. https://arstechnica.com/cars/2024/01/tesla-publishes-its-fin...

Yes, and 85% of Tesla's revenues came from cars, and it is increasing. It is part of why their profit margins have returned to auto industry norms. Tesla has two items that make them significant money: Model Y and Model 3. Nothing else is big enough to really move the revenue needle.

1 comments

Tesla investors have been fed on this diet of “actually Tesla is a XYZ company” and they’ve learnt to copy it without thinking about it too much.

IMO from my viewpoint it’s obvious that Musk has made bets in places where he deliberately thought it would inflate the stock price - self driving and robots being two.

Tesla stans are great, they keep Tesla stocks high. But their conceptions of stock valuation reminds me of crypto.