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> profitability be damned Currently, Tesla makes each car with a profit of almost 10k USD. That is insane compared to competitors, VW is at 973USD. https://www
by flavius29663 3y ago
> profitability be damned
Currently, Tesla makes each car with a profit of almost 10k USD. That is insane compared to competitors, VW is at 973USD. https://www.visualcapitalist.com/charted-teslas-unrivaled-profit-margins/ https://www.visualcapitalist.com/charted-teslas-unrivaled-pr...
It was really bad in the beginning, but now it's stellar, second only to Ferrari and other luxury cars. I don't like the guy, but this is not just luck.
- cmrdporcupine 3y agoWell yes that's my point. In the long run it worked out for them... but only after years of intense non-profitable investment that would not have happened in a more conservative investment climate where higher interest rates prevailed. There would have been other places for investors to stick their money.
- martin8412 3y agoThey're not comparable numbers. Tesla doesn't count profit per car the same way as the rest of the industry.
- flavius29663 3y agocare to explain yourself? All I could find was this article, lamenting that car dealerships take up too much profit for everyone else other than Tesla. https://seekingalpha.com/article/4573601-tesla-gross-margins-not-impressive-as-seem https://seekingalpha.com/article/4573601-tesla-gross-margins... I don't see how that negates everything I said. Tesla can and does ship directly to buyers, so kudos to them.