Drudge Retort: The Other Side of the News
Monday, July 22, 2019

"You've got to spend money to make money" is one of the most widely accepted business adages of all time. And nowhere is that belief more innate than in Silicon Valley, where companies like Tesla, Uber, Lyft, and Snap command dizzying valuations based on the belief that one day, they will indeed make money.

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When $23.9 billion is spent, somebody is making money.

#1 | Posted by SheepleSchism at 2019-07-22 03:45 PM | Reply

Yep. You can bet there's a return.

#2 | Posted by lfthndthrds at 2019-07-22 10:09 PM | Reply

The only one deserving is Tesla. At least they are building towards something of long term value. The others are just investing to try to gain a monopoly position or data mining for personal information. No long term value prop for the world from either. Uber has already fled much of the world - lost big to Grab in Asia.

#3 | Posted by iragoldberg at 2019-07-23 08:47 AM | Reply

Funny you would put Tesla and Uber up there together and talk about long term value. This means you did not tune in for Tesla Autonomy Day. Tesla is Uber now. Now it's Level 5, Fully Autonomous Self Driving by the end of the year and every Tesla is worth $250,000 because its a fully-self-driving-Taxi using its existing hardware.

The "Unlimited Demand" narrative did not pan out, so that's the pivot to retain the valuation.

#4 | Posted by sitzkrieg at 2019-07-23 09:17 AM | Reply

Of course Tesla used prices don't reflect that, and the companies own actions don't reflect that, but Elon says it, and he's the most honest capitalist ever, just here to save the planet.

#5 | Posted by sitzkrieg at 2019-07-23 09:18 AM | Reply

Tesla's self-igniting cars can set themselves ablaze.

#6 | Posted by nullifidian at 2019-07-23 09:33 AM | Reply

Of course Tesla used prices don't reflect that

#5 | POSTED BY SITZKRIEG

Reflect what? They have the lowest depreciation of any automobile in their class.

evannex.com

"Even when variables such as model year, miles driven and initial sale price were taken into account, Loup found that a Model S could be expected to retain 7% more value than its competitors."

#7 | Posted by gtbritishskull at 2019-07-23 09:41 AM | Reply

#6 | POSTED BY NULLIFIDIAN

FUD, but that is as expected from you. Here is a link if you care about actually knowing facts...

money.cnn.com

#8 | Posted by gtbritishskull at 2019-07-23 09:49 AM | Reply

#7 | POSTED BY GTBRITISHSKULL AT 2019-07-23 09:41 AM | FLAG:

You just proved Musk wrong. They depreciate. Musk says they are all worth $250,000 due to their existing hardware being Level 5 autonomy ready.

#9 | Posted by sitzkrieg at 2019-07-23 10:06 AM | Reply

"Similarly, Apple never showed negative free cash flow starting with its first full year in business and weathered only short-lived deficits as a mature player."

Really? Then why did MS have to bail them out just so they can avoid bankruptcy? Even though today there are many Liberal publications like this who are, for some reason, so enamored with Apple that they try to rewrite history by saying MS didn't bail them out. They may be able to rewrite context but they can't rewrite the financial books of both companies and the ensuing financial deals that were made and SIGNED by Jobs.

#10 | Posted by humtake at 2019-07-23 12:06 PM | Reply

#9 | POSTED BY SITZKRIEG

Ah... my bad. Forgot Trumpers are incapable of separating fact from spin.

They are not Level 5 now. He says that they will be in the future (and that it will just be a software upgrade, the required hardware is already in the cars).

Also, his valuations of the cars is very optimistic because it assumes that people continue to pay the same as they currently do for rides. While, in reality the cost will decrease because it is cheaper to provide the service (and it would be a competitive market).

Don't know why I am try to explain this to a member of the idiocracy party, though.

#11 | Posted by gtbritishskull at 2019-07-23 01:19 PM | Reply

Ah... my bad. Forgot Trumpers are incapable of separating fact from spin.

#11 | POSTED BY GTBRITISHSKULL AT 2019-07-23 01:19 PM | REPLY

Wrong party! Level 5 right around the corner! BUY BUY BUY! Pay no attention to the fact that's not possible on their current hardware, at all.

#12 | Posted by sitzkrieg at 2019-07-23 03:08 PM | Reply

"Elon Musk doubles down on his claim that Tesla cars are now "appreciating assets" and says that they should be worth $100,000 to $200,000 with the Full Self-Driving package. Earlier this year, Musk claimed that Tesla vehicles are now "appreciating assets" due to their self-driving capability."

Buy $TSLA! NOWHERE TO GO BUT UP! Musk is just taking one for the team, not stockpiling these massively appreciating assets just out of the niceness of his capitalist heart.

#13 | Posted by sitzkrieg at 2019-07-23 03:17 PM | Reply

--they should be worth $100,000 to $200,000 with the Full Self-Driving package

Musk cultists will believe anything their Guru tells them.

#14 | Posted by nullifidian at 2019-07-23 03:30 PM | Reply

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