Tuesday, August 2, 2016

Why aren't Tesla and SolarCity Making Money?

   I wonder if something is wrong here. I read how Tesla is buying SolarCity. The funny thing is, that the article says both are money-losing companies.
   What? Tesla is the most notable maker of electric cars on the planet, and it sells its cars at an expensive price. SolarCity is the nation's largest provider of residential solar panels at a time when the market is flexing its muscles.
   And, these two companies are losing money?
   Who knows why, but it is good to wonder. Are the companies mismanaged? Are they paying their employees too much? Are they reporting inaccurate figures to avoid taxes? Or, is it simply that they aren't making money? I think it is good to wonder, for it seems these two companies should be making a profit. As a public, yeah, I think we have a right to know.

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