Discover and read the best of Twitter Threads about #FossilAuto
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This might help explain #Tesla’s valuation:
Excl stock-based comp, I estimate a Q4/20 operating profit (EBIT) of approx 1.7b. FY 2020 non-GAAP EBIT would amount to 4.2b.
Comparison with #VW's Passenger Cars division (25 models) 2019:
- 12 times Tesla’s deliveries
- LESS EBIT!
Excl stock-based comp, I estimate a Q4/20 operating profit (EBIT) of approx 1.7b. FY 2020 non-GAAP EBIT would amount to 4.2b.
Comparison with #VW's Passenger Cars division (25 models) 2019:
- 12 times Tesla’s deliveries
- LESS EBIT!
If you compare revenue and operating profit (EBIT) on a per vehicle basis, the difference between #Tesla and #FossilAuto blows your mind!
How would the incumbents profitably sell #EV’s when their current profit margin with gas-guzzlers is only 600 bucks per car???
How would the incumbents profitably sell #EV’s when their current profit margin with gas-guzzlers is only 600 bucks per car???
Note: #Tesla‘s 2020 revenue and EBIT in the 2 tweets/charts above are my estimates. Tesla has not yet reported any financials of Q4/2020 and FY 2020. This will happen at the next earnings call by the end of Jan.
