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"Would it fit the company’s profit profile? Tesla achieved close to 20% Gross Margin in 2020, GM came in at 10% and Ford about 12%. Apple’s Gross Margin exceede
by mgkimsal 6y ago
"Would it fit the company’s profit profile? Tesla achieved close to 20% Gross Margin in 2020, GM came in at 10% and Ford about 12%. Apple’s Gross Margin exceeded 38%, a different game."
The opportunity to integrate in to peoples' lives - and the services revenue that would continue - may make up for a, say, 15% gross margin on the initial car. No? Maybe?
- deathgrips 6y agoWould you rather earn $50k at a 20% profit margin or $50 billion at a 2% profit margin?