[TheAlchemist]

Yeah, and also a loss of $8.5B in 2019, loss $6.7B in 2020 and loss of $9.14B in 2022. Hell of a business they got there.

[__sy__]

So? I can make the exact same point about Google and other tech companies that endured years—decades sometimes—of eye-watering losses, only to eventually build enormously valuable businesses.

[TheAlchemist]

Of course. But it's a bit premature to say it's a good business and making money.

It may or may not become a good business.

Let's say Tesla does manage to launch a cheap Robotaxi, fully autonomous, next year ? (Of course they won't, they are decades away from that)

Uber would be pretty much dead, and all it would have done in it's lifetime is massive losses.