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I don't think that's true. Tesla took in $68M from ZEV last quarter but only made $11M in profits--thus, 600% of their profits came from ZEV. This is a bit of
by codex 13y ago
I don't think that's true. Tesla took in $68M from ZEV last quarter but only made $11M in profits--thus, 600% of their profits came from ZEV. This is a bit of a hand wave, though, because if you know you have ZEV income coming in the door, you might spend more on future R&D than if you didn't.
- NickM 13y agoYour $68M number on the ZEV credits is correct, but I checked the financial results and they actually made $96.3M in profit for Q1 2013.
- codex 13y agoNot according to Google: https://www.google.com/finance?q=NASDAQ%3ATSLA&fstype=ii&ei=L5qeUcjZBM_LiQKphAE https://www.google.com/finance?q=NASDAQ%3ATSLA&fstype=ii... Oh, you're looking at gross profit, which excludes sales, G&A, R&D, etc. Yes, on that basis Tesla is profitable even without ZEVs.