And they are still expanding the Shanghai factory, which just started building Model Ys. Indeed, Tesla is not going to stop building factories, but also for tha

And they are still expanding the Shanghai factory, which just started building Model Ys. Indeed, Tesla is not going to stop building factories, but also for that costs are going down as are the costs for the individual cars. When the revenue due to the certificates goes down, there are many financial knobs to turn to insure Tesla stays barely profitable. And of course in times of expansion, you would only aim for minimal profits and rather invest any margin achieved.