This is a really, really big deal. They've still got a long way to go (as I'm sure Musk would be the first person to admit), but turning a profit is no small feat and should be applauded as such.
I dunno. Its not yet a yearly profit. Its a quarterly profit (which is good for sure!!) but they're -$1.5 Billion from Q1 and Q2 so far. So they're likely going to be very negative on this year.
Agree. A lot of the numbers seem suspicious as well, mostly in the expense around salaries. Time will tell if these are sustainable.
The only thing suspicious to me is the number of executives who have left the company in Q3. Why would they leave if the numbers were going to be good?
I'm sure many executive level people simply got tired of Musk's antics
It is. Musk shall enjoy the pride of having cracked through the glass ceiling. I wasn't happy with everything he did but still.
That's not what the glass ceiling is...
ha ??
A glass ceiling is a metaphor used to represent an invisible barrier that keeps a given demographic (typically applied to minorities) from rising beyond a certain level in a hierarchy. The metaphor was first coined by feminists in reference to barriers in the careers of high-achieving women. –Wikipedia