Sawyer Merritt
@SawyerMerritt · Jan 26, 2024
Tesla annual R&D spend.
In 2023, Apple spent ~$29 billion on R&D, a sum greater than the total amount Tesla has spent on R&D in the company's history. Really shows you how much innovation Tesla extracts per R&D dollar spent.
Elon Musk
@elonmusk
There are gigantic differences in the effectiveness of R&D spending between companies
09:47 PM · January 26, 2024 · 227K views
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