Business
How Musk wins twice from Tesla’s rising profitability – The Australian Financial Review
The EV giant is getting better and better at making profits out of cars and is now firmly on course to report its first annual profit for 2020. Which in turn helps…
The first is that this is a tech company thats getting better at making real money from its core business. Teslas gross margin from car making has been steadily increasing in the last year, rising 223 basis points from the second quarter, and 483 basis points from a year ago, to 27.7 per cent.
The groups operating margin rose from 4.1 per cent in Q3 2019 to 9.2 per cent in Q3 2020, despite a 35 per cent jump in operating expenses due to large investments in new production capacity.
Second, its not…
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