this post was submitted on 25 Apr 2024
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[Threads] Musk demanding a $53 billion payout would be the equivalent of (www.threads.net)
submitted 2 years ago by dragontamer@lemmy.world to c/realtesla@lemmy.world
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A nifty little @threads post by esg.hound.

Probably a good time to point out that Tesla's total revenues since inception are $338 billion. Total Gross Profits are 73 billion and net income is 27 billion. Musk demanding a $53 billion payout would be the equivalent of

  • 16% of total revenues since 2009
  • 72% of gross profits since 2009
  • 195% of net income (i.e. real economic profits) since 2009

It's lunacy and completely detached from reality

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[–] polygon6121@lemmy.world 2 points 2 years ago

Oh thanks for the explanation... Fuck Elon Musk.. is there anything not rotten coming from his direct involvement.