Here is a chart of Tesla's losses each year. In 2017 their losses will exceed $800 million as well....
They lost $620 million in the 3rd quarter of 2017 alone.
The bigger problem is once BMW, MBZ, Audi, Ford etc, start building electric cars, Tesla is done. Those people know how to build a car.
You do realize Ford, GM, and Chrysler each lost more than Tesla's entire existance in a single quarter before right? GM lost 15.5 BILLION in a single quarter. Like 6 times more than Tesla ever has.. in 3 months. And GM didn't lose it by re-investing and growing their product.
Amazon.. First profitable year was 2003. 9 years after he started up because he wanted to grow rather than profit. Egghead had the idea. They closed all their retail stores, went online only, and made a pile of cash in the 90's. Amazon instead focused on growth over profit.
Turner broadcasting. Started in the 70's. 1991 was the first year for them in the black. They focused for over a decade on spending to improve their product, gain new shows, build their empire.
Fed Ex. Took 5 years to have a single profitable month.
Tupperware, Google, Twitter. Look at the companies that start out looking at growth and reinvestment rather than making a quick buck. Those are the ones that truly become huge.
Sure, Netflix could be competing with Blockbuster still doing their mail order DVD's. Instead they went deep in the red for a number of years building up their streaming service. Blockbuster content with profits invested very little into anything to move the company forward.
Same with McDonalds. When they were in their expansion phase, they were losing piles of cash. They were taking out loans and hemorrhaging money as they were in every town buying up the busiest piece of commercial property.
That's the thing. Companies that keep it small, take a great idea and rather than reinvest on it look to make the quick buck, usually don't last.
Companies like Blackberry and Myspace can sit back and make a ton of money by coming up with a great idea. But ones like Facebook, Apple and Samsung are the ones that continually reinvest and improve upon that great idea.