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by Latteland 2809 days ago
I think that is an arguable point and at least we don't know what their profits are, but we'll know better after q3 earnings are out. If they are making the claimed 25-30% margin on current model 3's, making 50k of them a quarter at avg price of 60k, 50k60k.25, that's a car profit $750 million/quarter. That will pay down their debt at a rate 3 billion a year. I think this is why they said after q3 they will start being a real company, with q3 and q4 at the current rate they could be profitable and actually pay off debt. If all else fails they could sell more stock right now, but that only goes so far. I think they will make a significant profit by q4, and probably a good profit in q3.