3 ms·
This article is a little disingenuous. The margins on model3's have been reported at 20% and they've been hugely successful in the market. So now it makes sen
by sunstone 7y ago
This article is a little disingenuous. The margins on model3's have been reported at 20% and they've been hugely successful in the market.
So now it makes sense to ramp up in China, in Europe and Japan etc. This obviously takes upfront investment before the product can be produced. All companies with a popular product face this kind of financing hurdle.
The difference now is that the end game of the automotive industry is now a fair bit clearer than it was even a few years ago. Most of the pieces are on the table you just have to put them together. Musk understands this, it appears that most other automotive makers are still in denial.
Tesla will need a lot more financing before this game is done. Telsa is the current favorite, and up one set to nil, but with a lot of game left to play.