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The margins on the car are actually very good, this is evident in the official data and confirmed by expert breakdowns. They don't make money because they are
by nickik 6y ago
The margins on the car are actually very good, this is evident in the official data and confirmed by expert breakdowns.
They don't make money because they are investing lots of money all the time. People seem to miss that they only launched their first large production cars a few years ago.
Its insanely difficult to start a car company and to scale it to the level Tesla is now with a product that basically nobody else can do profitable is a gigantic achievement.
They are currently building 3 huge new factories.