monkeyman34’s Techdirt Profile

monkeyman34

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  • Jun 22nd, 2016 @ 8:26am

    Re:

    @Anonymous Coward, i don't understand why Tesla has never made any profits. I guess either they don't have enough revenue or their costs are too high, or both. Do you have any insight into Tesla's financial situation? Thanks.
  • Jun 22nd, 2016 @ 8:16am

    (untitled comment)

    I always heard that Tesla does not have patents but I never really did any research about the topic...until now. I must admit, I've never really understood Elon Musk's business intentions.
    My thoughts:
    As fas as I know, Elon Musk is already very rich from selling PayPal, running various companies, etc.
    Also, I think that Elon Musk is clearly a visionary and exceptional man, so he most likely has a very long-term vision of his business intentions. That being said, my guess would be that one reason he does not push for patents could simply be because he is already very rich so his main incentive is not necessarily profit maximization.
    One major thing I don't understand about Tesla is why it doesn't make any profits? If you look at its financial statements you'll see that Tesla has always been in negative territory (doesn't make money). Does anyone know why or have any insight into that topic?

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