Those numbers don't mean anything. Revenue does not equal profit.
Tesla makes double what GM makes with a 1/3 of the revenue. Twitter was always a money loser. If they made $661M in revenue, but lost 700m, and now they make $114M a quarter with $80M in profits, i wouldn't call that a dramatic collapse but rather a dramatic revival.
Quote profit not revenue when it comes to Elon Companies.
> now they make $114M a quarter with $80M in profits
> Quote profit not revenue when it comes to Elon Companies.
Notably, the company does not release audited financials anymore. If the company were able to go from breakeven to netting 80% margins, great. But nobody should believe such a turnaround without evidence.
Separately, if the company were netting $320mm annually (using your hypothetical), AND we assign the P/E of best-in-class Meta (which is growing, not shrinking), the company would be worth $8B[1]. Under these generous assumptions, Musk has presided over a $36B (82%) destruction of value in under 2 years.
1 - That's not accounting for the outstanding debt used to finance the deal. Including that makes the value of the enterprise negative.
Tesla makes double what GM makes with a 1/3 of the revenue. Twitter was always a money loser. If they made $661M in revenue, but lost 700m, and now they make $114M a quarter with $80M in profits, i wouldn't call that a dramatic collapse but rather a dramatic revival.
Quote profit not revenue when it comes to Elon Companies.