Originally Posted By: hattaresguy
Its typical in this area for companies to not be profitable as they build products and market share, like Amazon.
Space X and Solar City are very profitable, Space X is on its way to corning the market in launching stuff and soon people in space.
If you read Tesla's business plan they are very specific about profitability and mass market vehicles. The Model 3 is the vehicle that will get them in the black, with the X and the S as stepping stones.
I have not seen any deviations from their business plan, wall street agrees with this and prices the company accordingly.
Tesla shares closed at $219. Clearly, Wall-street loves the circus.
