[rootusrootus]

It seems, though, like they are not at all through the 'burning money' stage. The marginal costs to manufacture appear to still be in the neighborhood of 3x the price of the vehicle. They seem optimistic they can turn that around this year, but promises are easy.

[legitster]

The cost per vehicle (all expenses total/ # of vehicles) may be 3x the sale price, but the marginal cost (the cost to produce one more car to sell) is still less than the sale price.

An important distinction. Otherwise selling cars would cost them money.

[rootusrootus]

COGS per vehicle is still way more than twice the average selling price. Yes, selling cars costs them money. They have to figure out how to make the manufacturing process use fewer and cheaper parts, less labor, etc. It is a difficult problem because scaling only offers incremental improvements to COGS.