I'm reminded of the trajectory of #BlackBerry. It wasn't a "device" company, it was a service, making money from its internet toll booth, it's patent portfolio, its servers.
When it fell, it was because of its device sales and plummeting share. Nothing else.
I hear similar narratives around #Tesla - its the chargers, the network, the patents.
Maybe Tesla's fortunes are tied more to vehicle sales than they would care to admit.
Don't believe the FUD.
Tesla's first-quarter net income tumbles 55%
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles. The company said it made $1.TOM KRISHER (AP News)
