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Tesla was very profitable. Gross Margin is 14% now of revenue now. 1/4 of their their $8B profit is emissions credits. That's not shabby and they have lowish d
by rstuart4133 2y ago
Tesla was very profitable. Gross Margin is 14% now of revenue now. 1/4 of their their $8B profit is emissions credits. That's not shabby and they have lowish debt ($20B).
But it isn't what I'd call insane. Google's gross margin is 58%, profit is $349B.
- adastra22 2y agoI'm not sure why you're comparing the gross margin of a car company to an internet company. General Motors has a gross margin of 10%. Ford's is 7%. Historically Tesla's was ~25%, but yeah it's fallen a bit since I last looked.
- rstuart4133 2y ago> I'm not sure why you're comparing the gross margin of a car company to an internet company. Because the benchmark set was "insane". I agree no car company gets insane profitability levels. Tesla was never insanely profitable by most metrics.