Quote:
Originally Posted by Vman455
Am I missing something here? Various news outlets report a Q3 profit of $312 million, large enough that $3.6 million wouldn't make a difference either way, and an increase in cash reserves of $731 million, to $3 billion on hand.
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My original post has a typo it should be $3.6 Billion not million. I'll correct the original post.
Musk reduced capital spending and slowed payments to suppliers in the 3Q to conserve cash and show a profit. That isn't a long term strategy.