this post was submitted on 21 Mar 2025
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This isn't one product, it's an entire division of a very very large company. It's profitable. The entire category of dishwashers as an appliance is not a lost leader.
Most of the muskrats "wealth" is in stock. Tesla is valued at more than every other car company in the world put together because a whole lot of dipshits think that a company can grow forever instead of looking at the actual financial data. There are going to be a whole lot of bagholders on that one. The point is if you think every company can operate like Tesla, I would encourage you to do a whole lot more reading. Tesla needs to be profitable at some point to stay alive anyway.
well, they think it can grow forever based on subsidies and false value. so far it's holding. it looks like it's about to become the official car of the reich, and be shunned everywhere else in the world. dunno how that's gonna work.
and the point is: GE moved from actually making TONS of stuff somewhere mid-century, to being mostly a financial product company in the 1980s. it's a valid course of action for a company to take in the surrealist nonsense fantasy they've turned the world into.