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user-inactivated · 2342 days ago · link · · parent · post: Report: Tesla has Spent $480,000 Every Hour for the Last Year
You don't need to wonder how much other companies spend per hour. Take their quarterly expenses and divide by 2190. GM, for example, spends $9.7m. Ford spends $2.25m. It's perhaps more useful to look at net income - Despite spending $9.7m per hour, GM profits $2.4m per hour. If you're General Motors, you're profiting $663 per second. If you're Tesla, you're losing $42 per second. There's a $700 delta there and it's heavily in GM's favor... But Tesla is "worth" $52 billion dollars while GM is worth $62b.