lorenfb wrote:But some claim that Tesla is now even profitable selling the M3 at $35K.
Not enough public information to support that claim. Especially as T esla isn't selling the Model 3 SR yet.
Agreed, naivete on the part of some. But based on past Tesla GAAP financial reports over 5+ years one can conclude:
1. During the production & sales of the MS and during the product development of the MX, Tesla was not profitable.
2. During the production & sales of the MS & MX and during the product development of the M3, Tesla was not profitable.
3. During the production & sales of the MS & MX & M3 to ending YTD Q1 2018, Tesla has not been profitable.
Given the above historical record, one would most likely question the likelihood of Tesla's future profitability even if Tesla
only delivered M3s at ASPs greater than $50K. Furthermore, as the M3 cannibalizes MS sales, a GAAP profitable Tesla
will become even less likely. But then again, to some, Tesla doesn't ever need to be profitable, i.e. it's all about growth
as many shareholders seem to believe, right?
Leaf SL MY 9/13: 64K miles, 49 Ahrs, 5.1 miles/kWh (average), L2 charges to 100% > 1000, max battery temp < 95F, min discharge point > 20 Ahrs