The operating margin is 11% very high up their in the industry. Automotive margin is 25% and that is also very good. Energy and Solar margin are much worse but

The operating margin is 11% very high up their in the industry. Automotive margin is 25% and that is also very good. Energy and Solar margin are much worse but at least not negative anymore. This is a fast growing market and nobody else in the world is set up for it as well as Tesla is, both for home and grid. This will just continue to grow every year and there is large economics of scale that can be reached. Something that many people miss is that other car companies make a huge amount of money on service, because they have such large old fleets that need parts. Tesla does not have this and service has been a huge negative for them. This seems to be starting to slowly turn. In a few years Tesla service will be a huge cash cow, and Tesla will not have to share that money with dealers for the most part. Its the same with the supercharger network, huge investment now, hugely negative. But eventually that will be very profitable for them. Again, something people miss on the Tesla story. Large amounts of super-high margin revenue. Unlike players like Electrify America, Tesla builds its own chargers fully vertically integrated. Eventually Tesla can open the network to the competitors and that will give them high utilization on the network, making it very profitable. They are still not a large car company, their operating margin has a chance to be significantly better in another year. More local production in Europe and Eastern US, more S/X sales, better margin on solar and storage for sure, and profitable Cybertruck. Model Y/Cybertruck/Semi produced in Texas/Berlin will also use their own Tesla internal batteries, the far away most expensive part that they had to buy from suppliers. Tesla new manufacturing methods should allow them to both remove the profit the supplier would have made, and also produce the cells more cheaply. Storage should eventually get batteries from those plants as well but that might take a while. Overall pretty happy with the progress.