Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Tesla is a car company.

Tesla is a very complex financial operation which, sometimes, sells some cars. From Musk's point of view it's working exactly as planned.



>> Tesla is a car company.

> Tesla is a very complex financial operation which, sometimes, sells some cars.

That's not that unique, my understanding is most of the major car companies are primarily in the business of auto financing, but they make cars to give people something to finance.


I am not entirely sure where that comes from.

Let’s take a look at GM, as those numbers are readily available.

GM Financial: $13.419 billion in 2021 GM: $127 billion in 2021 https://en.wikipedia.org/wiki/GM_Financial

Seems to be a lot more revenue coming from the cars than the financing…


True, but the Net Income numbers ($3.8 billion from GM Financial, $9.9 billion at all of GM) are a lot closer. Looks like 38% of GM Net Income is earned by GM Financial?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: