Car revenue: -11%
operating margin: 3.86%
Free cash flow -30%
Tesla PE > 280 is magic. Now they are "pivoting" to Cybercab, humanoid robots and investing billions into xAI. Jumping from hype-trend to next without any problem is impressive. Fair valuation always in the future. Revenue $32 B
Operating Costs $7 B [1]
Estimated Profit $25 B
Operating Margin ~78%
[1] R&D, security, hosting, human review, and including building and maintaining developer tools Xcode, APIs, and SDKs.