### Comment:
Those 3 cars in production have crazy high margins. The Model 3 has 30% gross margin according to Sandy Munro.  
  
 They're losing money on CAPEX and R&amp;D.  
  
 CAPEX spending makes you more money in the long term and R&amp;D costs don't scale with production.  
  
 Tesla is looking very strong. If Musk can not have a complete breakdown, it'll be a huge company.

### REPLY:
Check [this](https://www.reddit.com/r/RealTesla/comments/992zn7/teslas_expenses_per_1_of_revenue_since_2009_or/?st=JLP6SMOC&amp;sh=fa285e27)  out to see how tesla presents its income statements. 30% gross margin in ElRon land may be lol.

### END.