They are selling for a loss currently. Any margins from model S and X are being used to subsidise model 3 and overall they are still losing tons of money, profitability not even on the horizon. I wonder how long their current runway is without raising new cash again.
That is mostly right, but I was responding to someone who said that positive gross margins for the vehicle were only planned for the distant future. Their financial statement for last quarter implied that the 3 would have positive gross margins in late 2018.
Their cash position decreased by about 162 million last quarter and they have ~3.3 billion on hand at the end of Q4. There are a lot of risks still out there due to the production bottlenecks that currently exist (and maybe more on the horizon with S and X), but the cashflow situation isn't as horrible as some want to believe.
