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ProfessorGAC

(76,470 posts)

17. Bizarre

Reply to Dial H For Hero (Original post)

Mon Jul 13, 2020, 03:34 PM

Jul 2020

Their net income for 2019 was negative $650 million.
Their Trailing Twelve Months is positive $50 million on $26+ billion in revenue.
So, for the first time, they are turning a profit, but the above is a profit margin of under 0.2%.

(Net Income numbers taken from income statement at Yahoo Finance)

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Elon Musk just became richer than Warren Buffett [View all] Dial H For Hero Jul 2020 OP

We all pay for the wealthy... Newest Reality Jul 2020 #1

So true. Yeehah Jul 2020 #3

Musk is an oddball but there is no denying his contributions. PTWB Jul 2020 #2

I 100% agree, he has been extremely innovative. Spacex has been amazing. Starlink is so cool! nt USALiberal Jul 2020 #8

But but but ... there's not tech bubble dammit !! :rolleyes: uponit7771 Jul 2020 #4

At least taxpayers don't have to pay for his Billionaire Golf Champp Jul 2020 #5

Imaginary 💰 GeorgeGist Jul 2020 #6

Buffett probably just yawned. lpbk2713 Jul 2020 #7

I wonder what his biggest fear is?... probably losing his money. Baked Potato Jul 2020 #9

That's Jerry Jones biggest fear. Heard him say exactly that once in an interview. SammyWinstonJack Jul 2020 #12

I admit I had to look him up, now I remember. Baked Potato Jul 2020 #18

We ought to tax the billionaires out of existence. hunter Jul 2020 #10

Seriously, if you have a billion dollars, you already won capitalism. Initech Jul 2020 #13

Mostly on wild speculation. tinrobot Jul 2020 #11

Buffet is just another billionaire. hunter Jul 2020 #15

Did I say he was interesting? I said his fortune is more secure than Musk's. tinrobot Jul 2020 #19

What makes Musk interesting? BannonsLiver Jul 2020 #20

And he's still miserable tenderfoot Jul 2020 #14

He's had a nice vaporware scam going for years Blecht Jul 2020 #16

Bizarre ProfessorGAC Jul 2020 #17