tway9001011

What margin? They are losing upwards of $20,000 per car produced, and as of Q3, it's growing.

Sure, if you use their non-GAAP gross margin figures, which remove many costs that other auto manufacturers include, things look downright swell; non-GAAP accounting artifacts can do all kinds of things. But at the end of the day Tesla are burning cash at an increasing rate, even with production and deliveries increasing (around 100k cars per year). Where are all these profits from scale to come from?