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by DarmokJalad1701
2046 days ago
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> the profits ($331M) are lower than the regulatory credits ($397M) Correction. They made $874 million in profits in Q3 out of which ~$543M came out as stock-based compensation for Musk (a non-cash expense but has to be reported on GAAP-profit line). This is unusually high and is due to the recent run-up in stock price. They were definitely significantly profitable net of regulatory credits in Q3. Their automotive gross-margin in Q3 was ~23% excluding regulatory credits. Such margins are unheard of in the auto industry. |
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