Tesla Burns Through $2 Billion In 2017 (theverge.com)

Posted by BeauHD on Thursday February 8, 2018 @09:40AM from the spend-money-to-make-money dept.

An anonymous reader quotes a report from The Verge: Tesla reported record revenue for 2017, floated by customer deposits of the recently announced Semi truck and Roadster sports car. Despite its optimistic sales numbers, Model 3 production issues and cash flow problems haunt the company, but Tesla insists its on track to meet its production goals of 5,000 cars a week by mid-2018. Tesla reported $3.3 billion in revenue, which was expected, but also posted a $771 million quarterly loss -- its largest quarterly loss ever. The company reported a negative free cash flow of $276.7 million. And it reported a net loss of $2.24 billion in 2017, a significant increase over the $773 million net loss it reported in 2016.

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How is this not a pyramid scheme? by xxxJonBoyxxx · 2018-02-08 10:02 · Score: -1, Troll

So...a guy goes around and collects money to deliver X (say, a mid-priced electric car, or an underground railway), but instead shovels it into high-publicity project Y (e.g., rockets, flamethrowers) to keep the heat off himself from that group of investors, regulators and the general public.

Isn't that pretty much the nature of a pyramid scheme?