when car manufacturers are in the expansion phase they are never profitable
every penny goes into making newer bigger facilities. if they just stored the money. declared it as profit and paid tax on it. they are wasting it
no expanding business makes profit. its how they expand.
paper losses dont equal property losses
heck even trump earned hundreds of millions and only declared a couple thousand in profit (less than a minimum wage waitress would declare)
even bezos under declares his true financial state to pretend he is not making profit
Yeah, that's not how it works. That would be securities fraud since Amazon is a public company and has strict requirements about what has to be reported. You can't "pretend" to not be making a profit. You either are or you're not, and if you are there's no pretending you're not. I think you might be confusing cash-flow and net profit. A lot of companies are cash-flow positive but still not profitable. But being cash-flow positive isn't going to magically make Tesla grow into the valuation they have. At the end of the day, profitability is all that will matter.