RealTesla

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dragontamer

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[Threads] Musk demanding a $53 billion payout would be the equivalent of (www.threads.net)

submitted 5 months ago by dragontamer to c/realtesla

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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 2 points 5 months ago

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