Re:Why Carmakers Can’t Transition to Newer Chips
by panick21 on Sunday October 03, 2021 @02:07PM
(#28739163)
What matters in terms of what we are discussing now is automotive margin.
Their 'Automotive gross margin' is 28.4%. If you exclude regulatory credit that is still '25.8%'.
Those are flat out great margin number in the automotive industry.
These facts literally disprove this phrase:
> Tesla pretty much still sells car at a loss
Unless you simply interpret that phrase differently then everybody else.
If you want to make a larger statement about Tesla on a company level, that is a whole different thing.
If you want to ignore unit economics Q2 they made 354 million $ in credits. Total GAAP gross margin 24.1%, ignoring credits its still 21.8%.
I'm to lazy to calculate the operational margin, but its still good excluding regulatory credits. This regulatory credit storyline is literally on its last legs.
Tesla is still a growth company and their margin and profitability are already good despite them not even having manufacturing in all large markets. In Q2 they didn't even build their high margin vehicles.
My main point being again, claiming that Tesla sells vehicles at a lose, is literally nonsense.
Their 'Automotive gross margin' is 28.4%. If you exclude regulatory credit that is still '25.8%'.
Those are flat out great margin number in the automotive industry.
These facts literally disprove this phrase:
> Tesla pretty much still sells car at a loss
Unless you simply interpret that phrase differently then everybody else.
If you want to make a larger statement about Tesla on a company level, that is a whole different thing.
If you want to ignore unit economics Q2 they made 354 million $ in credits. Total GAAP gross margin 24.1%, ignoring credits its still 21.8%.
I'm to lazy to calculate the operational margin, but its still good excluding regulatory credits. This regulatory credit storyline is literally on its last legs.
Tesla is still a growth company and their margin and profitability are already good despite them not even having manufacturing in all large markets. In Q2 they didn't even build their high margin vehicles.
My main point being again, claiming that Tesla sells vehicles at a lose, is literally nonsense.
Find the numbers here:
https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Updat...
Any claim that Tesla has no business without credits is just fundamentally wrong.
And Q3 looks like it will beat these numbers again.