Tesla's first car was the Roadster, and it was released in 2008. How do you get "almost 20 years" when the first car they released was 12 years ago? Tesla was founded in 2003, but even that is not 20 years.
Gross margin on cars is 25% this quarter, 17% after removing regulatory credits. What "financial data" are you using to come to the conclusion that they don't have good margins?
Re:Q2 2020 Update
by itsoktocry on Wednesday July 22, 2020 @06:02PM
(#23922096)
>Gross margin on cars is 25% this quarter
You can go broke with 99% gross margins.
You were specifically arguing that their margins are not good.
The margins on the car are actually very good, this is evident in the official data and confirmed by expert breakdowns.
They don't make money because they are investing lots of money all the time. People seem to miss that they only launched their first large production cars a few years ago.
Its insanely difficult to start a car company and to scale it to the level Tesla is now with a product that basically nobody else can do profitable is a gigantic achievement.
They are currently building 3 huge new factories.
If you back out the regulatory credits they've lost money on every car they've ever sold, for almost 20 years. Where do you get "good margins" from?
This is an example of narrative versus financial data.