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In their earnings call last week, Tesla said that their margins on existing vehicles were dropping, and they were diverting resources from the Model S and Model
by VintageCool 9y ago
In their earnings call last week, Tesla said that their margins on existing vehicles were dropping, and they were diverting resources from the Model S and Model X to focus on the Model 3.
https://news.ycombinator.com/item?id=15605480 https://news.ycombinator.com/item?id=15605480
- toomuchtodo 9y agoEven dropping, Tesla’s margins are still higher than legacy automakers.
- bjl 9y agoExcept that they use wildly different accounting practices than the rest of the industry to make their numbers look better. For example, they don't include the cost of R&D (like every other manufacturer does), and they use retail price instead of wholesale price when calculating margin. If you use the correct numbers, their margins are significantly lower than the rest of the industry.
- sempron64 9y agoIt's fair to use the retail price since they sell direct to consumer