Netflix Shares' Wild Ride, Tesla Earnings on Tap, and Fresh Market Lows 04/19/23
Morning Call
00:00
Tesla's Auto Gross Margin X Credits
The number that people are watching is auto gross margin X credits and the company drew a line in the sand last quarter at 20% for the year. The thing that we really like about their Tesla's business model that we think of it as a razor razor blade model every unit they put out in the market has the potential to be upgraded with software which will significantly increase their margins. We're trying to create its own ecosystem of sorts with not only buying the vehicle but you can also buy the software.
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