iPlug wrote:Time for Apple to buy Tesla?
LOL! Not cheap enough yet. I also can't see why Apple would want to take on such a money losing business (over $4.5 billion in net losses, so far which includes the few profitable quarters they've had). They've yet to have a single profitable full year.
IIRC, they've also racked up over $10 billion in debt.
Tesla had about $11.7 billion in revenue for 2017 vs. Apple's $229 billion. To generate that $11.7 billion in revenue, they lost between $1.9 and $2.2 billion (depending on whether you look at net loss or net loss attributable to common stockholders). Meaning, they had expenses $1.9 to $2.2 billion greater than the incoming revenue. This doesn't include the cash they burned on capital expenditures like Supercharger expansion and equipment for factories.
During Apple's $229 billion in revenue 2017, they generated $48 billion in profit.
Apple stopped making hardware AGES ago. They used to have plants that built Macs and Apple II's. They outsourced all manufacturing to the likes of Foxconn and Pegatron. Why would they want to take on an enormous capital intensive and complex burden of manufacturing cars, dealing that supply chain and manufacturing in the high cost of living part of the US? Virtually all Apple hardware sold in the US is assembled/made in China with CHEAP labor vs. the US.
Apple makes massive and impressive profits for a company that sells hardware.
Maybe if Tesla went bankrupt and all/most of the debt was written off and Apple (or whatever suitor it is) could see a path to profitability... yeah, they might bite, if it's cheap enough.
LTLFTcomposite wrote:^ Yeah but the car would slow down as the battery ages.
And have reduced acceleration.