Quote:
Originally Posted by accord1999
Tesla had a "miracle" Q3 2018 too; before falling back onto large losses to start 2019. And YoY revenues are declining; so much for exponential growth of EV.
The Chinese ramp comes in time for the severe decline of EV sales in China as subsidies are cut.
https://technode.com/2019/10/11/chin...-sep-ev-sales/ |
Yet margins are way up and sales increasing, and demand increasing...
The Chinese subsidy cut is a red herring here as Chinese shipped sales were minimal. It's a new market for them so it's not going to decrease
They've proven the model 3 is very profitable, that's very good news for their future, no?