Tesla Operating Margin 1 In Industry
known for their solid operating margins and gross profits are solid steps below Tesla now. The brand with the second highest operating margin, BMW, is a few percentage points below Tesla’s +15% operating margin. Third-placed Daimler, at 10%, isn’t even close!Related to money is energy use, and one more thing Elon Musk pointed out in the shareholder meeting was that energy use per vehicle produced has come down — cutting emissions while saving money.
Perhaps an easier way to look at this shift is the chart above showing annual free cash flow generation. The company went from spending a few billion dollars more than it made in 2017 to almost breaking even in 2018 to making a billion dollars in 2019 to making almost 3 billion dollars in 2020, and so on.
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