Why are you using q1 when we're in q3 now and q2 data has been available for a couple of months already?Gatecrasher wrote: ↑11 Sep 2019, 21:47Top of the range Model S comes in at $120k.
Based on Q1 earnings Tesla runs at 15% operating loss vs a 15% gross margin profit for Porsche.
So your $120k car should really cost $150k if Tesla could find enough people with deep pockets to fill their factories. Tesla is giving consumers a deal at the expense of investors.
They've achieved positive cash flow. That's the only thing that matters at the moment as it means they are making money - their bank account gets larger with every week/month. The gaap loss takes into account other factors like asset deprecation which don't really mean that much. Some factory equipment might end up having a book value much lower than its actual value.
In a few short years Tesla has transitioned from being a small manufacturer to producing almost 2x the number of cars that Porsche produces. They also have the largest charging network out of all manufacturers by a huge factor.
I'm calling them a startup because they're still maturing as a business. Auto industry is much slower than the software industry, where a company can reach its peak very quickly - hence why tech giants got caught out by small, nimble startups.
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