• melpomenesclevage@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 days ago

    corporations don’t need to actually make products to be profitable. look at tesla. I assumed it was a few suburbanites and the rest is financial instruments/subsidies, to the extent I thought about it at all.

      • melpomenesclevage@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        0
        ·
        2 days ago

        right they need to be profitable.

        they don’t need to make products to be profitable. which is the thing I actually said.

        and I fully expect they will, if they kiss the ring.

        • mycelium underground@lemmy.world
          link
          fedilink
          English
          arrow-up
          0
          ·
          2 days ago

          This isn’t one product, it’s an entire division of a very very large company. It’s profitable. The entire category of dishwashers as an appliance is not a lost leader.

          Most of the muskrats “wealth” is in stock. Tesla is valued at more than every other car company in the world put together because a whole lot of dipshits think that a company can grow forever instead of looking at the actual financial data. There are going to be a whole lot of bagholders on that one. The point is if you think every company can operate like Tesla, I would encourage you to do a whole lot more reading. Tesla needs to be profitable at some point to stay alive anyway.