Tesla Gross Margins And Munro's Cost Breakdown [Seeking Alpha]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Seeking Alpha
Summary Tesla ( TSLA ) shares got a boost this week when a well-known automotive consultant, Sandy Munro from Munro & Associates reversed his earlier position on the production cost of the Model 3 after doing a detailed breakdown and analysis of costs. Munro also gave us an indication of what he thought Tesla's margins might be for the Model 3. His numbers are surprisingly high, 30% or more for the long range models and as much as 18% for the base model. However, he uses a definition of cost which excludes some of the items that are normally included the cost of sales on the financial statements. In this article, I take a look at what those extra costs might be, using typical industry data. Munro's Comments Munro was very impressed with the car's integrated electronics and pointed out some of the cost savings that stem from the use of the touch screen to control many of the car's functions. He gives an example of the rear-view mirror which in many cars also contain
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- 'Critical safety gap' between Tesla drivers, systems cited as NHTSA launches recall probe [USA TODAY]USA TODAY
- Does Mag 7 Leadership Remain Intact Post-Tesla and Meta Disappointments? [Yahoo! Finance]Yahoo! Finance
- Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet [Seeking Alpha]Seeking Alpha
- Tesla laying off nearly 700 workers at Nevada Gigafactory [Yahoo! Finance]Yahoo! Finance
- U.S. probes whether Tesla Autopilot recall did enough to make sure drivers pay attention [Los Angeles Times (CA)]Los Angeles Times
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website