You guys need to learn how to read a income statement. You are looking at revenue not operating expenses.
1.857 is the operating expense. Cost of goods is taken out of revenue to figure out gross profit. Operating expenses is taken out of gross profit to figure out net profit. How the f you guys investing money when you don't know accounting basics or what operating expenses even are?!
Market as a whole free falling, check out arkk, or any growth stocks. At least I'm short the ones down more than any other, Rivn lcid
Ya we got it. You are short lcid and rivn. You said it 500 times already. Nasdaq is down 30%, TSLA is down 50%...so I would a bit more than market no?
It costs money to make sht to sell to make money...... We are not talking net profit. We are talking what does it cost Tesla every quarter to make money...and it seems to be 15 billion.. RIVN's is 1.5 Cost of revenues 0.597 + Total operating expenses 1.077 Cxbby relax bud. I just like seeing you riled up defending TSLA with all your heart. it's fun to watch lol
I don't really care about LCID or RIVN (don't have a single dollar invested in either). so you tell mee.. You have to let me have my fun with you. You're insufferable during TSLAs green days so be prepared to take some during these red days...
We are not talking about net profit, we are talking about operating expenses. When you make a widget or car or whatever, the steel or parts or whatever are accounted for in cost of goods. This is higher the more product you sell, the more revenue you have, the higher the COGS, because they are part of the cost in making the products. This has nothing to do with OPERATING expenses, which are costs associated with running the business, such as selling, general and administrative costs(sga), which is the costs you pay your employees, R&D etc. Rivn OPERATING expenses were $1b last quarter, and $2b in q4 last year (that's the one I was talking about). Teslas operating expense is $1.8b. This is ridiculous because tesla as a company is 100-1000 times bigger, yet they have similar operating expenses because as I said, Rivn bit off way more than they can chew. You can't lump cogs together with operating expenses to make it look like tesla is so much higher. Tesla cogs are higher because they actually sell things whereas Rivn doesn't even have revenue or produce products to incur cogs.
Do you understand what a hedge is? If you want to make fun of me on the down days (ok...dick, whatever floats your boat) how are you going to ignore the hedges I have that are down way more lol
Seriously though if you guys don't understand this gtfo of the stock market before you lose everything
I’ll keep buying. Although ETFs (like I use) are flawed because they don’t separate winners and losers and the market gets unbalanced as a result.
It's 2AM at the club and we are about to see who is going home with a 2 out of 10. I hope $20 cocktails were worth it....I mean PELETON AT 170. lolol..
You got another crowd..Telsa owners. They are in a pickle. Elon out there acting like Trump 2.0. Exposing himself. Being an asshat on twitter. So do they continue support him by buying Telsa or they take their woke money elsewhere?
