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Full disclosure, my company supplies into the automotive space. Materials for interior, exterior, air bag covers, taillights, display panels, touch screens and EV batteries (and tires).
COVID aside, the USA annual car sales are 17 million units…COVID years closer to 13 but the 17 is a solid “normal” expectation.
Tesla gross profit margin per car is just over 30% and climbing (scale and improving know how) for reference GM is less than 15% (last year closer to 11%) and Toyota just under 20% (18% and change). Both GM and Toyota are seeing declining gross margins.
Cheapest model Tesla average sale price is at US$45,000…most expensive model > USD$100,000… fleet average my estimate is USD$ 75,000
You can do some valuation estimates from there depending on what you think their market share will be. China market number of cars is a little larger, I do not know off hand EU or ROW (rest of world). Tesla also sells some batteries for other applications so figure what you will on that.
Batteries for Tesla get cheaper each day and at least in the lab can be just over 90% recycled. Battery chemistry is changing so expect the price of manufacturing to decline rapidly over the next decade…
Hope that helps
Last edited by wavelandscott; 17-03-2022 at 01:52 AM.
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