Very unusual to get anything real-time from CEOs and board members of listed companies. Even annual reports and trading updates have dated information. But if the new factories lost billions of dollars, that is unlikely to have changed drastically in 3 weeks.That interview was from 3 weeks ago, lazy YouTubers sat on it for weeks and drip-fed the interview out for no reason other than some power trip.
What was true three weeks ago has probably changed since.
He was speaking very specifically at that point in time, actually, listen to what he said.Very unusual to get anything real-time from CEOs and board members of listed companies. Even annual reports and trading updates have dated information. But if the new factories lost billions of dollars, that is unlikely to have changed drastically in 3 weeks.
Mr Musk is a very smart cookie.I strongly suspect the same is true for many manufacturing industries that are impacted by the pandemic, problems relating to chip supplies, the war in Ukraine, energy price rises etc. Most companies seem to choose not to make their financial issues public though, not sure if Musk is wise to be so upfront about Tesla losses, TBH. Wouldn't be the first time he's made statements that end up seriously impacting things like the share price.
He is intelligent, I wouldn't say he's always made the smartest moves though.Mr Musk is a very smart cookie.
It would be more accurate to use "costing" at the moment whilst in the ramping phase. It's perfectly normal, as usual they try to twist and mis-represent something Elon says. Once ramped, these will be amongst the most profitable factories of any kind in the world.Are they actually "losing" or just "not making"
It's not just Elon, there are plenty of us lesser TSLA investors as well and we don't need any of your sorrow thanks, so that's just fine. Oh, and you're welcome by the way, for the EV you drive that wouldn't exist at all had Tesla not forced the industry to move direction.I find it hard to feel sorrow for any disruption to the business empire of multi-billionaire Elon Musk…