To be fair, the German price of 28 k$ based on the tear down of the 49 (54) k$ variant assumes weekly M3 deliveries at 10k.
Thats correct but allow me to add that the material costs of $18 remain the same and the $10k production costs are partly fixed costs and variable costs. The variable part is mainly labour which is as we all know a smaller part of the overall costs at Tesla GF as well as Fremont. Lets still assume $5k are driven by production units (variable) than the remaining $23k will stay the same unrelated to the produced units.
So, if we do a wild guess and say variable production costs are 100% higher at 5k/w we only would add $5k to the $28k so we are at $33k per unit. Comparing that to the ASP they still look pretty good.
A lot of assumptions here but I want to illustrate that the "beta" is not as big as people may believe and profitability per car unit is achieved at a lower level than some may anticipate.
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