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Theirs is 50 percent profit business. Only matter is, it will take time to zeroing their debt.
by iamgopal 8y ago
Theirs is 50 percent profit business. Only matter is, it will take time to zeroing their debt.
- blang 8y agoI've never seen that number before, any source?
- twblalock 8y agoTesla aims for a 25% profit margin on the Model 3 and is not there yet: https://www.cnbc.com/2018/05/21/tesla-shares-to-soar-on-strong-model-3-profitability-analyst.html https://www.cnbc.com/2018/05/21/tesla-shares-to-soar-on-stro... From what I can see, the margins on the other models are similar. And the company still loses money overall.
- AtlasBarfed 8y agoMay? That's pretty old. https://www.teslarati.com/tesla-model-3-solidly-profitable-sandy-munro/ https://www.teslarati.com/tesla-model-3-solidly-profitable-s... That is more recent (July) and shows 30% on the long range, without dual motor or performance bumps, all of which are probably really profitable add-ons. Of course who knows who is paying this guy to do the teardown/sourcing for the article. I'm guessing the 35k version rolls out when it becomes profitable to do so to keep on target with the debt payments.