Tesla has never made a profit on selling cars. Their business model is based on using tax breaks and the sale of carbon credits to offset losses from the sale of cars. The liberal media has been so worshipful of ‘green’ technology that they haven’t bothered to look at the actual numbers or do any actual investigating.
Tesla has just about never made a profit. But that’s because they spend all of their gross revenue on expanding their business. The Tesla S profit margin is 23%, including amortized investment which fantastically inflates the price.
But ultimately, they’re a battery company raising funding (and establishing a market) through the selling of a product which needs their batteries. The actual body of a Roadster wasn’t even made by Tesla.
Tesla has just about never made a profit. But that’s because they spend all of their gross revenue on expanding their business. The Tesla S profit margin is 23%, including amortized investment which fantastically inflates the price.
But ultimately, they’re a battery company raising funding (and establishing a market) through the selling of a product which needs their batteries. The actual body of a Roadster wasn’t even made by Tesla.