### Comment:
I think the cars are profitable on a gross profit basis. Actually I read the margins are better than other luxury brands (BMW, Mercedes, etc) 
  
 Of course, ignoring your R&amp;D and CapEx doesnt mean they aren't costs...

### REPLY:
Tesla doesn't include R&amp;D and distribution costs in their margins (unlike the other auto companies).  You aren't comparing apples to apples with those margins.

### END.