Re:Tesla Market Cap falls below $500B
by hef19898 on Wednesday December 14, 2022 @02:06PM
(#33988417)
Revenue =|= profits. Now, if you are interested, devide what ever that revenue was by Tesla's profits. Because those credits have a zero cost behind them. And those credits will go away with every EV those other brands build and sell.
[ Parent
| on HN ]
If you look at the SEC filing it's 8% of profits. Though Tesla isn't trying to be particularly profitable right now. They've been spending tons of money on new factories so they can scale up production.
Re:Tesla Market Cap falls below $500B
by bryanlarsen on Thursday December 15, 2022 @11:06AM
(#34001581)
Credits aren't pure profit. You have to build and deliver a car to get them, so the 1% number of the parent comment is much more relevant than your 8% number.