alt Hacker NewsThe business is doing fine, they’re profitable and regularly beating various targets. Honestly I think Elon is more level headed than people give him credit for, his companies are consistently profitable and generally produce competitive products.
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9dev • yesterday at 7:33 AM
If anything his companies are doing well despite of him, not because of him. There's level-headed and competent leadership in them resisting his bullshit.
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Operating margin fell from 16% to ~2% over the last 10 years and will probably be negative in 2026 and 2027. They have a big cash pile to burn through but they’re spending it on ummm “a flying car,” humanoid robots, and an AI fab. They’re fucked.