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Tesla did make a profit, and not a bad one for a company just about to open two more factories.And as you mentioned sptrawler, he did say "With regard inflation, legacy car makers are pushing up the price of their ICE vehicles obviously to improve the profit margin to subsidies EV".ICE vehicle manufacturers are not making a lot of profit on their EVs, some are having to subsidies their EV to make prices competitive.Inefficiency, another contribution to inflation."Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits.Revenues rose to $13.76bn in the third quarter of the year, up from $8.77bn 12 months earlier.The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6bn and sold 241,391 cars."[URL unfurl="true"]https://www.bbc.com/news/business-58993848[/URL]
Tesla did make a profit, and not a bad one for a company just about to open two more factories.
And as you mentioned sptrawler, he did say "With regard inflation, legacy car makers are pushing up the price of their ICE vehicles obviously to improve the profit margin to subsidies EV".
ICE vehicle manufacturers are not making a lot of profit on their EVs, some are having to subsidies their EV to make prices competitive.
Inefficiency, another contribution to inflation.
"Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits.
Revenues rose to $13.76bn in the third quarter of the year, up from $8.77bn 12 months earlier.
The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6bn and sold 241,391 cars."
[URL unfurl="true"]https://www.bbc.com/news/business-58993848[/URL]
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