> but rather they make their money on the service and repair of cars. Even then, they're not really rolling in the dough.
Car companies already make huge money on service. Plus in sum, all dealerships combined make huge money on service.
Once Tesla has an large aging fleet they will make an absurd amount of money. Something people don't yet consider is that Tesla has been losing massive amounts money building out their global service network and because of having no fleet, making little money from it.
Tesla has industry leading margin now, while having negative margin on the highest high margin business for traditional companies.
Car companies already make huge money on service. Plus in sum, all dealerships combined make huge money on service.
Once Tesla has an large aging fleet they will make an absurd amount of money. Something people don't yet consider is that Tesla has been losing massive amounts money building out their global service network and because of having no fleet, making little money from it.
Tesla has industry leading margin now, while having negative margin on the highest high margin business for traditional companies.