Comparing revenue across industries/verticals is not sound.
Mercedes has a ~5% profit margin on this revenue.
SaaS, even AI SaaS is expected to have much higher profit margins at scale.
And on top of that, Mercedes shrunk by 10% revenue over the last year, rather than growing, which makes sense because they missed EVs and are now managing decline and returning money to shareholders.
Mercedes has a ~5% profit margin on this revenue.
SaaS, even AI SaaS is expected to have much higher profit margins at scale.
And on top of that, Mercedes shrunk by 10% revenue over the last year, rather than growing, which makes sense because they missed EVs and are now managing decline and returning money to shareholders.