Reply to post: Re: No profit in 15 years? Is he soon going to have to wake up and smell the roses?

Tesla undecimates its workforce but Elon insists everything's absolutely fine

Jellied Eel Silver badge

Re: No profit in 15 years? Is he soon going to have to wake up and smell the roses?

I doubt it. So this

profit is obviously not what motivates us.

is a problem. I'm fairly certain that a duty of any corporate officer is to maximise shareholder and investor's benefits. It may be an acceptable mission statement for a company incorporated as a non-profit, but Tesla isn't structured that way. I'm also not sure how this official company statement would sit with risk managers looking at things like pension portfolios, or anyone thinking of injecting the fresh capital into Tesla that it needs. Or refinancing existing debt that's due in the next couple of years. At least Musk and Trump have debt financing and financial engineering in common.

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