> Unlike any other tech giant, they will never be able to reap the kind of margins with their products (cars!) like a "normal" tech company can
Why? Only a minority of customers purchase FSD but the take rate keeps increasing. This can easily double the margins. Also, the insurance business is nascent and hugely profitable. And the new Model S and X production lines were almost suspended for 3 quarters due to shortage (most profitable products). Also, each new factories are far more efficient than the old ones, and they'll open two giant one in the coming months.
Why? Only a minority of customers purchase FSD but the take rate keeps increasing. This can easily double the margins. Also, the insurance business is nascent and hugely profitable. And the new Model S and X production lines were almost suspended for 3 quarters due to shortage (most profitable products). Also, each new factories are far more efficient than the old ones, and they'll open two giant one in the coming months.
Me? I'm still holding shares since 2012.