Why won't Elon Musk just call NKLA out on it's bullshit already? There's like ONE passive quip about hydrogen inefficiency he made, dude needs to take to twitter with a 10 part paragraph post and blow this scam out of the water
As a percentage of national income, corporate profits after taxes never exceeded 9 percent and was often below 6 percent over a thirty-year period ending in 1998. However, it is not just the numerical rate of profit that most people misconceive. Many misconceive its whole role in a pricecoordinated economy, which is to serve as incentives-and it plays that role wherever its fluctuations take it. Moreover, some people have no idea that there are vast differences between profits on sale and profits on investments.
Profits on sales are very different from profits on investment. If a store buys widgets for $10 each and sells them for $15 each, some might say that it makes $5 in profits on each widget. But, of course, the store has to pay the people who work there, the utility company that supplies the electricity for the lights, cash registers and other electrical devices in the store, as well as other suppliers of other goods and services needed to keep the store running. What is left over after all these people have been paid is the net profit, usually a lot less than the gross profit. But that is still not the same as profit on investment. When someone invests $10,000, what that person wants to know is what annual rate of return it will bring, whether it is invested in stores, real estate, or stocks and bonds. Profits on particular sales are not what matter most. It is the profit on the total capital that has been invested in the business that matters.
