If only Comrade Clayton had ever run a REAL business or owned stocks, he’d understand “loss carryovers”….
A tax loss carryforward allows capital losses realized in the previous years to offset gains in a future year, which can reduce taxable income in later years.
And boy, did Tesla have losses to carry forward! Shit piles of them!! The above chart cherry-picks a couple good years for Tesla. It ignores the decade of massive losses leading up to that:
In fact, Tesla wouldn’t even EXIST if it weren’t for mountains of subsidies from the state of California (ZEV mandate) and the federal government (plus a little bit of solar roof tile fraud thrown in there by Elon). Those would be the EXACT SUBSIDIES that Green New Deal retards like Clayton Tucker himself demanded and cheered on for the last six years or so.
I have detested Musk for many years over his con-man shit like the Hyperloop, Boring tunnel pipe dreams, rocket ship to Mars that will never happen, the Optimus robot scam, the FSD scam and others. Tesla is a shit car and will NEVER reach Level 5 autonomy with his current “camera-only” configuration.
The only GOOD things Musk has done is (1) buy Twitter and expose all the left-wing twats for their censorship and (2) create DOGE to expose more left-wing thievery, corruption and graft.
I’m not sure if his recent good outweighs his previous scumbaggery in the grand scheme of things. I’ll let God sort that out. But what I AM sure of is that if there were never any subsidies for Green Energy and Tesla, Elon would be just another mildly rich asshole from Silicon Valley. Far-left greentards like Clayton Tucker himself are the ones who created Elon’s wealth by shoveling mountains of subsidies into his bank account.
Delicious irony.
Here is the most cogent “Why I hate Elon” primer you are likely to find:
Shitlibs understand they cannot say, “I hate Elon because he is better than me.” So they find other reasons.
In person, shitlibs might say, “He should give more to charity.” They don’t mention he gave billions to charity. They don’t discuss how his for-profit enterprises have benefited humans. They don’t discuss how Starlink has affected the rural poor, or Ukranian soldiers. They just say, “He should give more money away.”
What they mean is, “He should pay me for my performance art. If I criticize him enough, maybe he will.” It’s a slim hope, but that strategy has always served them well, as demonstrated by the federal budget. It still works on RINOs, who are still the majority of Republicans.
Leftists hate that Elon bought Twitter and allowed the Right to speak. They are itching to accuse him of doing it only for money, but that attack fails the laugh test for Twitter, and also for DOGE, which has cost Elon about a third of his wealth.
Leftist retaliation for DOGE has now destroyed half of Tesla’s stock value, as people are afraid to buy Teslas and European governments find ways to punish Elon. Eventually they will allow in cheap Chinese EV’s.
Recall that Tesla is the company that finally made the leftist dream of zero-emission cars a practical reality. Shitlibs don’t like to talk about that. Shitlibs still think the climate is important, you see, but it’s not as important as a federal grant for their performance art or tranny mice, which mean old Elon is obstructing.
Shitlibs will continue to hate Elon until he uses his wealth to buy their love. That strategy has worked in the past, and it still works on RINOs, who will spend any amount of your money to make leftists stop hating them for a few days. Elon won’t do it, but the left won’t stop trying. It’s all they have.