alt Hacker NewsOperating 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.
Replies
vessenes • yesterday at 1:03 PM
I'd be very surprised if the roadster project was particularly expensive. That operating margin tells you they are spending all the cash they are earning on cars on the other stuff, not that the cars suddenly became more expensive to make.
I'm interested to meet someone online who's short both on-shore US silicon fabs and the market for humanoid robots. Can you say more about your thinking?
➕ show 1 reply
Similar, to the time Tesla was fucked, because they wanted to sell EVs when there was neither demand nor charging infra. Or when SpaceX wanted to build a rocket that could land on legs, whereas every wannabe rocket scientists knew that to be impossible.