Comment by maxerickson
4 years ago
If they are losing money doing those things it isn't really much of a business.
They do appear to be generating income from operations these days, but the size of the operation has increased so fast that it is hard to analyze.
They've actually been showing profits recently.
But even if they weren't, there's a lot of daylight between unprofitable and fraudulent!
All "profits" come from regulatory credits. Even then, there's plenty of aggressive accounting going on. It's arguable Tesla has never been profitable and still isn't.
I'm sure the S&P 500 committee took note, they decided not to include TSLA in the index, which I am thankful for.