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Would they have any profitable quarters if you subtracted gov subsidies and "green credit sales"?

Last I checked a few years ago, they were never truly profitable.

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Welfare is fine if it's going to the richest man in the world.

It's only bad when it's going to the poor.

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They were once, but no longer. BYD has surpassed them in delivered volume and proft since 2025.

Tesla's net income has been declining YOY since 2023.

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as you were already told BYD surpassed them, by quite a margin as well, and if you add the other chinese EV maker it's huge, even if you pit all the western EV car makers against the chinese one they are eating our lunch.

On top of that Tesla never reached the scale of any other car maker, those are some of the biggest and most complicated companies and supply chains on the planet.

I used to think we owed him the fact that EV are a thing, I then learned that China was preparing for it for a while, now I'm not so certain if he had the vision that it was possible to overcome the stagnation and resistance of traditional car makers or he just knew the chinese were also working on it.

for sure he saw the promise in reusable rockets, as he saw it with LLMs, a business genius he is, an industrialist I'm not sure.

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