Wow, a full half of Tesla's operating income came from tax credits( around $800M of $1.6B operating income).
They had a few decent misses on operating income and earnings per share.
And their operating margin is in the low 6%ish which would make it one of the worst performing auto manufacturers around at the moment.
Man things have turned quickly on Tesla.
They are still in a good cash position but their car business is really showing signs of strain at the moment.
they did announce that they'll release a more affordable model by the end of H125 so that will help, but with that timeframe its likely to be a model 3 refresh and not a new car.
They had a few decent misses on operating income and earnings per share.
And their operating margin is in the low 6%ish which would make it one of the worst performing auto manufacturers around at the moment.
Man things have turned quickly on Tesla.
They are still in a good cash position but their car business is really showing signs of strain at the moment.
they did announce that they'll release a more affordable model by the end of H125 so that will help, but with that timeframe its likely to be a model 3 refresh and not a new car.