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The canonical reply from Elon Musk on profitability is that they hope to profitable on a GAAP basis in 2020. Let's see if external investors hang in there long
by krait 10y ago
The canonical reply from Elon Musk on profitability is that they hope to profitable on a GAAP basis in 2020. Let's see if external investors hang in there long enough to allow this. ( http://www.bloomberg.com/news/articles/2015-03-04/as-tesla-gears-up-for-suv-investors-ask-where-the-profits-are http://www.bloomberg.com/news/articles/2015-03-04/as-tesla-g... )
It will be very interesting to see what happens to the used Model S prices now that Tesla took away the buyback guarantee for new cars.
- Retric 10y agoCompared to shorter range cars I think they are going to do much better. A 90 mile Nelson leaf is ok, a 60 mile neon leaf on the other hand. A 5 year old model S likely has more range than a new leaf and if it bothers you getting a new battery will drastically boost that range. So, at resale a model S is probably well north of 30k.