[jeffbee]

Tesla earned 5.5 billion on 54 billion in sales in 2021. 1.5 billion of that was in air pollution credits Tesla sells to other carmakers, meaning they earned about a 8% margin on the car business. You could definitely argue that Tesla is only profitable because of government price supports.

[elisharobinson]

they have grown production capacity yoy of >50% , 2021 was a heavy capex year. tesla makes > 30% margin on each car sold.