Tesla Is On Track To Deliver 1 Million EVs In 2021
https://finance.yahoo.com/news/tesla-tr ... 00146.htmlTesla's profitability metrics were equally impressive. Operating income improved to a record level of $809M, good for a 9.2% operating margin--quite remarkable for an automaker. Automotive gross margin clocked in at 27.7% compared to 25.4% in Q2 and 22.8% a year ago. Those profits were achieved despite the company taking quite a big hit in the form of stock-based compensation for Elon Musk after he met several key milestones, including a significant increase in share price/market capitalization. Back in July, Elon Musk qualified for an unprecedented payout of $2.1 billion, his second jackpot since May following TSLA's surge.