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To be fair R&D at 50% of revenue is massive. They are basically a university.
by castratikron 7y ago
To be fair R&D at 50% of revenue is massive. They are basically a university.
- philipov 7y agoActually, I looked at the wrong numbers. Their R&D is a lot more in line with other automotive manufacturers at 6.6% of total expenditures (for 2018). The majority of their expenditures go into Cost of Revenues (building and delivering the cars), with Operating Expenses being a distant second.