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No.
by xanderjanz 8y ago
No.
- dforrestwilson 8y agoOK can you be more helpful and maybe back that assertion up with evidence/data? Here's some for you: https://www.quora.com/Is-Tesla-losing-money-on-each-Model-3-they-sell# https://www.quora.com/Is-Tesla-losing-money-on-each-Model-3-...
- xanderjanz 8y agoI guess by definition, as long as they lose money, they lose money on each Model 3. But really what you're implying is, when Fremont is a closer to full produciton, each Model 3 will net a loss. Best engineers say no. https://www.cnet.com/roadshow/news/2018-tesla-model-3-munro-associates-profitable/ https://www.cnet.com/roadshow/news/2018-tesla-model-3-munro-... Even Tesla's public financials show they lost more money, when they made less model 3s.
- dforrestwilson 8y agoThe embedded assumption is that current demand is sustainable, rather than simply a reduction in a multi-year fanatic backlog. Embedded inside that assumption are a lot of assumptions about ramps in production with consistent quality and finish, and lack of EV competition. I personally disagree that Tesla can maintain production and quality at these levels without needing more financing, but the verdict is definitely not in yet.
- xanderjanz 8y agoYou don't care about profitability anymore? Now you want to talk about demand? OK. - Tesla is mentioned in multiple current top rap songs. - Elon has the most viewed episode of the most viewed podcast. - Tesla is working on a rocket powered car. - Teslas are featured in major TV shows and movies. - $45k auto loan is within range of your average middle class budget. You think that wont translate to sales? We'll see.
- dforrestwilson 8y agoI think a lot of promises (and outright lies) have been stated. https://www.cnbc.com/2018/09/18/tesla-stock-drops-after-company-reportedly-to-face-us-criminal-probe-over-musk-statements.html https://www.cnbc.com/2018/09/18/tesla-stock-drops-after-comp...