Comment on "Americans can't coo-"
melpomenesclevage@lemmy.dbzer0.com 1 week agocorporations don’t need to actually make products to be profitable. look at tesla. I assumed it was a few suburbanites and the rest is financial instruments/subsidies, to the extent I thought about it at all.
mycelium_underground@lemmy.world 1 week ago
They do need to be profitable to last as a company. Whirlpool won’t be bailed out by the world’s richest dipshit.
melpomenesclevage@lemmy.dbzer0.com 1 week ago
right they need to be profitable.
they don’t need to make products to be profitable. which is the thing I actually said.
and I fully expect they will, if they kiss the ring.
mycelium_underground@lemmy.world 1 week ago
This isn’t one product, it’s an entire division of a very very large company. It’s profitable. The entire category of dishwashers as an appliance is not a lost leader.
Most of the muskrats “wealth” is in stock. Tesla is valued at more than every other car company in the world put together because a whole lot of dipshits think that a company can grow forever instead of looking at the actual financial data. There are going to be a whole lot of bagholders on that one. The point is if you think every company can operate like Tesla, I would encourage you to do a whole lot more reading. Tesla needs to be profitable at some point to stay alive anyway.
melpomenesclevage@lemmy.dbzer0.com 1 week ago
well, they think it can grow forever based on subsidies and false value. so far it’s holding. it looks like it’s about to become the official car of the reich, and be shunned everywhere else in the world. dunno how that’s gonna work.