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In response to
"according to the trainwreck earnings call mainly because they slashed the margins to the bone to move the product"
by
hollywood big shot
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Margins were 9.2% for 2023 and profits up nearly 20%.
Posted by
TWuG
Jan 26 '24, 14:45
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Margins can be affected by things like the Model 3 refresh, the intro of the truck, the ramp for the Semi, etc.
GMs margin is around 7%, Ford is around 5.5%, so I don't see Tesla in any danger, given the Ford and GM still rely on ICE to be their bread and butter. That market segment id contracting, not growing.
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