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http://files.shareholder.com/downloads/ABEA-4CW8X0/6239881006x0x979026/44C49236-1FC2-4FD9-80B1-495ED74E4194/TSLA_Update_Letter_2018-1Q.pdf http://files.sharehol

http://files.shareholder.com/downloads/ABEA-4CW8X0/6239881006x0x979026/44C49236-1FC2-4FD9-80B1-495ED74E4194/TSLA_Update_Letter_2018-1Q.pdf http://files.shareholder.com/downloads/ABEA-4CW8X0/623988100... If you look at the financial statement their cash flow used by operation went up 4x from the same quarter last year. Their margins on their cars are getting worse, I guess probably due to the model 3. Maybe Musk would have been better off just focusing on their high end cars and get all the processes ironed out.

ucaetano 8y ago
> Maybe Musk would have been better off just focusing on their high end cars and get all the processes ironed out. Tesla would never become a mainstream car maker focusing only on high-end cars, and would not justify the market cap.
- sgillen 8y ago
  I think maybe he is saying they should have focused on high end cars only until all their automated manufacturing processes were ironed out.
  - aquadrop 8y ago
    You can't have the scale with just high end cars to justify same level and dedication to automation. Ferrari sells 7-8k cars a year, Tesla wants to sell more in a week.
- dx034 8y ago
  You can be very successful just producing >$80k cars. You'll never be the largest car manufacturer but you can dominate a market. I think Tesla could've done that by producing more sports cars instead of affordable cars. There's a lot of wealth in the world, enough to justify a gigafactory.
deleted 8y ago
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