I was referring to the advanced depreciation, not the EV tax credits. Tesla's profit margin is more than 3%. Per the calculations someone else did here: https://news.ycombinator.com/item?id=42893563 Tesla supposedly got $300M in tax credits, which is much less than 21% of their profit.
> I was referring to the advanced depreciation, not the EV tax credits.
The advanced depreciation only knocked out .5 billion from the 2.3 billion, and they'll have less depreciation in the next few years because of it. I'm not very worried about that being an exploit.
> Tesla's profit margin is more than 3%.
2.3 billion out of 97.7 billion revenue is less than 3 percent.
But another page is saying 2.3 billion is from the quarter, not the entire year? Then that changes the math some and you can counterbalance a bigger single digit profit with those credits. But if your actual worry is the depreciation then it's not worth analyzing this much further.
> Tesla supposedly got $300M in tax credits, which is much less than 21% of their profit.
It's not much less, it's a little bit off but we're using very rounded numbers to start with. When all the numbers are rounded to the nearest .1B, the napkin math being off by 78M just gets a shrug from me.
