Tesla might have fallen short of some revenue projections – it sold $US81 billion ($A115 billion) of electric cars, batteries, solar panels and other products through the year – but it beat all expectations with a doubling in net income to $US12.6 billion ($A17.8 billion) for the calendar year.
The key to its success has been its gross margins – it makes an average profit of 25.7 per cent from every EV sold.
That’s a profit margin to die for, and the risk of…
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