Q3 2020 vs Q3 2019
- Record Deliveries - 145,000
- Record Sales - $8.3B
- Record Operatiing Income - $752m
- Record GAAP Income - $490M
- Impressive Operaing Leverage - Growth of 188%
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Don’t you think Tesla will be increasing Operating Expenses more rapidly, rather than generate large profits?
1) Elon mentioned in the call a target of 1-2%.
2) It seems like they’ve not been expanding Service Centers and V3 Supercharging rapidly enough and there’s articles like this one...
Tesla is looking for real estate in the Northeast to 'open lots of service centers', says President of Automotive - Electrek