CEO Elon Musk stated on Sunday that the electrical car maker is aiming at a 30% gross margin or about 10% profitability together with all prices for its Supercharger community enterprise.
What Occurred: Investor Ross Gerber had requested Musk if Tesla works on “a 50% gross margin on the power price,” and “whether it is throughout the community or it varies by location?”
Why It Issues: Tesla reported general automotive gross margins of 27% final 12 months and 21% in 2020. The EV maker doesn’t reveal a unit-wise margin breakup.
Tesla owns and operates over 30,000 Superchargers in over 2,564 places globally, of this over 8,000 Superchargers are in China alone. The Musk-led firm has been scaling up its supercharging community amid rising competitors.