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Again, they're not losing $4000 per car in the sense that their cost to produce one car is $4000 more than what they're selling for. (Meaning if they sold 50k m
by dtparr 11y ago
Again, they're not losing $4000 per car in the sense that their cost to produce one car is $4000 more than what they're selling for. (Meaning if they sold 50k more cars, they'd lose $200M)
They had significant CapEx and so their revenues - costs worked out to an amount that was $4000 for every car they did sell. Had they sold more, their net loss would have been less, not more.
- hughes 11y agoWith all the headlines about the $4000 figure the last few days, I was completely mislead about what that actually meant. Thanks for explaining it.
- dtparr 11y agoYeah, for whatever reason that headline stuck even on sites that are typically less click-baity and/or pro-Tesla. My favorite way I saw the headline explained was something like: I had major medical expenses this year and had to dip into my savings such that I ended up spending about 12k more than I brought in this year. I also ate 12 pizzas in the year. Their headline is like me saying "I lost $1k per pizza this year". It's accurate in a sense, but they're not related.