3 ms·
You are conflating gross and operating margin. It's also more dynamic than your presentation. They have a little bit of pricing power, so a small increase does
by maxerickson 1y ago
You are conflating gross and operating margin.
It's also more dynamic than your presentation. They have a little bit of pricing power, so a small increase doesn't all come out of the margin.
- shadowpho 1y agoGood callout on the gross vs operating margin. I’m not sure on the pricing power. If they had more leeway on making car more expensive why not set it to that point in the first place?