@DaveT has been expounding on this point in videos and in this forum for a while. Paraphrasing Dave: “We’ve hit an inflection point where gross profits now cover the cost of running the company”.
Thank you so much for putting numbers and analyses to it. This simple fact (that 70%-80% of gross profits from all additional sales will flow straight into net profits now that Tesla has hit scale), will catch many people off guard.
That’s just not normal in the Auto Industry. Tasha from Ark Invest predicts that soon many Tesla analysts will get very poor reviews, and be replaced with tech analysts.
P.S. I don’t know whether it’s true, but I remember shorts used to cry foul that some Supercharger costs were bundled into SG&A because they served an advertisement purpose.