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Your figures are correct, sorry, I did a quick back of the envelope and as you suspected compared worldwide R&D with US sales. Yeah, I'm not claiming Tesla has
by reitzensteinm 6y ago
Your figures are correct, sorry, I did a quick back of the envelope and as you suspected compared worldwide R&D with US sales.
Yeah, I'm not claiming Tesla has bad margins, just that the figures on the balance sheet aren't apples to apples. 10% vs 21% compared to 15% vs 21% makes a huge difference. It's a 40% gap instead of a 110% gap.