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you should disclose how much of the net revenue comes from selling tax credits. Telsa is not making money from vehicles yet from what I recall. Rivian will be
by propogandist 5y ago
you should disclose how much of the net revenue comes from selling tax credits.
Telsa is not making money from vehicles yet from what I recall. Rivian will be a long way away from making money on tax credits.
- panick21_ 5y ago> Telsa is not making money from vehicles yet from what I recall. Are you a time traveler from 2015? Tesla is having industry leading margins. They are currently at almost 30% automotive margin.
- propogandist 5y agoI was remembering an article like the one below [1] on profitability. Looked through Q3 '21 results and it seems they're at ~29% margin, excluding tax credits now [1] https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental-credits-help-drive-to-profitability.html https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental...