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LOL.


So the link that I provided to you was the 'official' TSLA website:


[ATTACH=full]136371[/ATTACH][ATTACH=full]136372[/ATTACH]


You (should) see that the 2021 10K will be released 26 Jan. 2022.


Which means....it has not yet been released. As I said, what your website has done is simply average 2020 10K results with 3Q of 2021 results, which....gives you your 12%.



For real 'productivity' (12% - 7% inflation) you end up with 5% ROCE, which is just not very good.


Why is it no good?


Any company that has to produce goods with a large amount of physical plant and land investments, will always have lower productivity than a company that is asset lite (ie. no physical plant) and produces a good that can be distributed digitally.


TSLA may (or may not) be the best in the car industry, but the car industry is a TERRIBLE industry to try and find productivity gains.



jog on

duc


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