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There is no telling how much money is involved in falling margins if you don't also look at revenues. A quick Google search shows their gross profits look fine.
by megaman821 3y ago
There is no telling how much money is involved in falling margins if you don't also look at revenues. A quick Google search shows their gross profits look fine.
Also, you would have to compare them to other manufacturers. If profits were down an average of 20% and Tesla's were down 10% then they would be over performing their competitors during a down market.
- Retric 3y agoGross profits need to pay back capital expenses for equipment or land, R&D, etc which is why moderate drop in gross profits represents a much larger drop on long term profits.