Question
Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal
Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.
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I'm looking into Tesla Inc.'s income statement for years 2015-2019. Based on their 5-year trend, Tesla Inc.'s business is growing, albeit not at the same rate year to year. Revenue and gross income have increased each year. SG&A expenses are increasing, implying the company is investing to expand. However, Tesla, Inc. is not turning a profit. Their net income is in the red every year. Most of their money is going to produce their product, a relatively new in design vehicle. Another large expense is paying interest on borrowed money. As far as advice goes, I'm not sure what I can offer such a successful, eccentric businessman like Elon Musk. Perhaps find a way to produce Tesla's cheaper? Drive your production costs down so you can turn a larger profit. Although, I'm not sure if money is Musk's number one driver.
https://www.marketwatch.com/investing/stock/tsla/financials
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