(Reuters) – Buckle up. Tesla’s quarterly report could be another wild ride for investors.
FILE PHOTO: Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake
The electric carmaker’s stock has more than doubled since Tesla’s previous quarterly report on October 23, when it posted a surprise profit that was viewed as a milestone for the company.
Still, a Reuters analysis of Tesla’s and other luxury carmakers’ operating profit per vehicle – a metric closely watched by auto executives – shows Tesla still has a long way to go before reaching the steady profits of rivals Porsche (PSHG_p.DE), BMW and Mercedes-Benz.
(For a graphic comparing vehicles’ profitability, click here)
At an average of roughly $17,750 per vehicle, operating profit at luxury carmaker Porsche, for example, has been stable over the past four years. Mercedes’ and BMW’s profit per vehicle have been closer to $3,000.
At Tesla, on the other hand, operating results…
Source Reuters Tech News