Tesla's 70%+ Profit from Shanghai Plant Revealed Amid Italy Talks for New Factories
Tesla ($TSLA) is under scrutiny for its profits and manufacturing strategies. It's reported that Tesla makes over 70% profit from its Shanghai plant due to low labor costs and profitable exports. Discussions with Italy indicate plans for new factories and expansion in Europe.
Sources
Henry Rearden$TSLA - How (Where) Does Tesla Make Its Money? Zee Chinese Are Coming? Or Will Be Tariffed / Blocked? For all the praise of $TSLA vs other struggling ex-Chinese BEV makers, has anyone read the 10k? $TSLA: +80% ex-ZEV profit from China? @JoeSquawk @andrewrsorkin @Lebeaucarnews https://t.co/dRR6t5ocKa
Zoe SchneeweissItaly talks car production with manufacturers including Tesla https://t.co/0WmAE9965O via @Al_Brambilla https://t.co/Hhwnl5nhHO
Electrek.co
Tesla is reportedly in talks with Italy for a factory https://t.co/hWRxSOO4Ji by @fredericlambert
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