* Gross profit is revenue without subtracting manufacturing or production expenses. Net profit is gross profit minus the cost of all business operations and non-operations.
Edit: Tesla’s total net income from 2010 to 2023 looks to be less than 46 Billion:
So take all the money Tesla has made since 2010 (without subtracting the years they’ve lost money), take another 9 Billion dollar loan, that would equal 55 billion.
55 Billion is a little more than Tesla’s gross profit from 2023, 2022, 2021 combined. 3 years of gross* profit!
https://www.macrotrends.net/stocks/charts/TSLA/tesla/gross-profit
Maybe the board was proposing to Musk?
“They say you should spend 3 years salary.”
* Gross profit is revenue without subtracting manufacturing or production expenses. Net profit is gross profit minus the cost of all business operations and non-operations.
Edit: Tesla’s total net income from 2010 to 2023 looks to be less than 46 Billion:
https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income-loss
So take all the money Tesla has made since 2010 (without subtracting the years they’ve lost money), take another 9 Billion dollar loan, that would equal 55 billion.