Eh. I think 10% margins would require some monumental fuckups on Telsa's part that I don't think are on the cards. M3/MY are some of the most capital efficient

Eh. I think 10% margins would require some monumental fuckups on Telsa's part that I don't think are on the cards. M3/MY are some of the most capital efficient vehicles to build as a result of pushing hard to make use of mega castings, vertically integrated electronics and seat production etc. (i.e little to no outsourcing, no vendor margins to pad into price). Munroe estimated a 30%+ margin on the M3 and he was pretty anti-Tesla up until that point and had some pretty damn harsh criticisms of the MS. I'm not long Tesla at these prices (if it was to drop to $400 I would be in again) but I wouldn't be betting on the stock price going to $60.