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.
Sinema on board. 40% reduction in carbon emissions by 2030. Score one for the enviornment and for Americans concerned about being flooded and burnt out of their homes.
ELON MUSK -- KING OF AMERICA'S BILLIONAIRE TAX WHINERS Effective Tax Rate: 0.1%: Warren Buffett worth $111 billion 1.1%: Jeff Bezos worth $131 billion 1.8% Mike Bloomberg worth $82 billion 2.1%: Elon Musk worth $210 billion 13.5%: Registered Nurse
If you consider Porsche on their own then their operating margin is higher.