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"The economics [of electric] do work for us. I can't speak to our quarterly results before quarterly results," but Tesla has gross margin in the "high 20s."
Similarly confused here. Firstly this was known earlier today. Secondly, without a reason for the drop in sales does this really justify a 7% hit? It's a fairly small overall proportion of Tesla's sales, it's still a very young market for Tesla, and demand seems to be very strong elsewhere.
I'm more concerned about 'margins in the high 20s'. That suggests a drop from 29.57% in September despite the high proportion of P85Ds.
Not at all from the Verge liveblog of it. I think the WSJ finally picked up that part in the Bloomberg story from this morning and now CNBC is running it. The timing of this is very odd if not suspicious.
I guess they missed the part where he said a few million vehicles annually by 2025?
I can say with a fair amount of confidence the comment about demand in China is BS. This would only matter if Tesla wasn't production constrained. My guess is sales might be lower than expected in China, but overall sales and gross margins beat expectations.
Do you need to start showing profit? "Probably when the Model 3 is in production." Musk is saying 2020, when they have half a million cars in production, is a safe point to start turning a profit.
Yes it is more than coincidental. It should be reported to the SEC. The media has interests based on those who funds it's advertising and those who own the media company's of it should be investigated by the SEC in my opinion.
Looks like s coordinated effort as soon as Elon was scheduled to take the stage. The China news came out earlier in the day in a Bloomberg article I believe, and now it looks like it's being spun
For those who don't subscribe, follow the WSJ link from this Google search, you will be able to read it.
Elon Musk in WSJ said:
Our sales in China are not very high,” Mr. Musk said before addressing an automotive conference in Detroit. “It started off being fairly strong. I think there was an initial wave of buyers and the demand has declined significantly in the fourth quarter of last year. In the fourth quarter of last year China was not a significant contributor to our sales.