Student: “So Elon Musk is a trillionaire?”
Me: “Yup.”
Student: “How did he get that much money?”
Me: “Well, he doesn’t really have a trillion dollars cash. He just owns a lot of stock in companies that are valued at a trillion dollars.”
Student: “So those companies make huge profits?”
Me: “Oh gosh no. They all lose billions of dollars a year. All of them. Huge losses.”
The Economist headline: “Gen Z Mysteriously Hates Capitalism and No One Can Figure Out Why.”
Tesla annual/quarterly gross profit history and growth rate from 2010 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. <ul style='margin-top:10px;'> <li>Tesla gross profit for the quarter ending March 31, 2024 was <strong>$3.696B</strong>, a <strong>18.07% decline</strong> year-over-year.</li> <li>Tesla gross profit for the twelve months ending March 31, 2024 was <strong>$16.845B</strong>, a <strong>15.37% decline</strong> year-over-year.</li> <li>Tesla annual gross profit for 2023 was <strong>$17.66B</strong>, a <strong>15.31% decline</strong> from 2022.</li> <li>Tesla annual gross profit for 2022 was <strong>$20.853B</strong>, a <strong>53.26% increase</strong> from 2021.</li> <li>Tesla annual gross profit for 2021 was <strong>$13.606B</strong>, a <strong>105.22% increase</strong> from 2020.</li> </ul>
Nathaniel Swigger
Zeeshan Ali Khan 
🇺🇦
Cristian Yxen