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Tesla just announced they were profitable for the full year of 2020. What's the compliant about top line income? They make money from sales and from credits bec
by viscanti 6y ago
Tesla just announced they were profitable for the full year of 2020. What's the compliant about top line income? They make money from sales and from credits because governments want to incentivize the sale of electric cars.
My point is that the relevant thing seems to be unit economics. They seem to make a profit on most models, and the ones that aren't profitable at the point of sale, seem to have the price of the credits factored in. What value would anyone get from looking at profitability ex-credits?
- itsoktocry 6y agoWhy are tiny unit economics so important? Are you one of these people who believe that they will own 50% market share? The automotive world is competitive, as seen by Tesla fighting for share as we speak. They need to make money sooner than later. Building cars is expensive, you can't scrape by. They should be crushing it right now, with little competition. These financials don't look good to me, all I'm saying. YMMV.