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by dave1619 3493 days ago
"Gross margin is ~20% excluding ZEV"... where are you getting your data? Have you checked their latest Q3 earnings report?

Here's a quote from their Q3 shareholder letter: "Q3 GAAP Total automotive gross margin was 29.4%, while non-GAAP Automotive gross margin was 25.0% excluding SBC and $139 million of ZEV credit revenue."

source: http://files.shareholder.com/downloads/ABEA-4CW8X0/212351657...