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Tesla Signals More Price Cuts Ahead
Bloomberg Businessweek
Tesla's Automotive Gross Margin Is Under the Target That Kirk Horn Had Forecasted
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The automotive gross margins, when you pull out leases and you pull out regulatory credits, were under the target that Tesla's CFOs had forecasted on the last call back in January. After they released the numbers last night, it seems like most analysts were able to work out that automotive gross margins,. excluding those items, were closer to 18%. So even he was willing to admit on the call that that was lower than they expected. And that was a result of continuing to make cuts from the time of the last call to now and also some other issues, like some changes to the warranty on older vehicles or things like that.
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