@Reality, the decline in sg&a as a percent of auto revenue is so clear with appropriate adjustments for solarcity that i still don't understand how you can't see it. part of shortselling is peeling off layers management uses to confuse financials to get a truer picture of a business. you mentioned it's too hard to make the adjustments but you clearly have the analysis chops to do the work. if you're in deep, do the work because it in a quarter or two it may well be too late.
I was stating the continued decline
You are claiming ~7% eventually, i am claiming never below 15%
thats a big difference