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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 798337"><p>This could also be posted in crazy world. Tesla released quarterly earnings results and made about $450 million. So their PE ratio stays over 1,000 LOL. But here's the thing buried in their results. They sold off a ton of Bitcoin and sold a ton of emissions credits to other car manufacturers. Those 2 items added $600 million to their bottom line. So technically you have a car company worth a $650 Billion market cap that still doesn't make any money selling cars. It will be interesting to watch that going forward, because most of Amazon's earnings don't come from selling books and other products online but through its web services business. If they find another avenue through which to make money, good for them.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 798337"] This could also be posted in crazy world. Tesla released quarterly earnings results and made about $450 million. So their PE ratio stays over 1,000 LOL. But here's the thing buried in their results. They sold off a ton of Bitcoin and sold a ton of emissions credits to other car manufacturers. Those 2 items added $600 million to their bottom line. So technically you have a car company worth a $650 Billion market cap that still doesn't make any money selling cars. It will be interesting to watch that going forward, because most of Amazon's earnings don't come from selling books and other products online but through its web services business. If they find another avenue through which to make money, good for them. [/QUOTE]
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