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