Re:Rivian Joins Forces with Tesla, Embracing Their Charging ...
by megaman821 on Tuesday June 20, 2023 @11:52AM
(#36405866)
There is no telling how much money is involved in falling margins if you don't also look at revenues. A quick Google search shows their gross profits look fine.
Also, you would have to compare them to other manufacturers. If profits were down an average of 20% and Tesla's were down 10% then they would be over performing their competitors during a down market.
Re:Rivian Joins Forces with Tesla, Embracing Their Charging ...
by Retric on Tuesday June 20, 2023 @05:50PM
(#36411178)
Gross profits need to pay back capital expenses for equipment or land, R&D, etc which is why moderate drop in gross profits represents a much larger drop on long term profits.
Also, you would have to compare them to other manufacturers. If profits were down an average of 20% and Tesla's were down 10% then they would be over performing their competitors during a down market.