Tesla Model 3 is most profitable electric car


DETROIT: The Tesla Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant.

Sandy Munro, president of Michigan-based Munro & Associates, said the car generates net profit margins in excess of 30 per cent. Munro, whose firm tore down the Model 3 to better understand it, made his comments on an appearance on Monday on Autoline, an automotive-focused television show.

Elon Musk’s latest outburst raises doubts on leadership

In previous episodes discussing the Model 3, Munro had been critical of the car’s fit and finish but praised its handling on the road.

“The Model 3 is profitable, so I have to eat crow. I didn’t think it would happen this way,” he said on Monday. “No electric car is getting 30 per cent net, nobody.”

Munro could not be reached by Reuters for comment on Tuesday.

California agency probing Tesla on occupational safety

Tesla, whose shares were up 1.7 per cent at $315.42 in Tuesday morning trading on the Nasdaq, is pushing to increase production of the Model 3, which starts at $35,000 and is key to the electric carmaker’s profitability. The company has been burning through cash to produce the Model 3.

Munro’s firm has done work for several automakers and also is followed closely in the analyst community.

It pulled out all the stops in the final week of June to meet its goal of making 5,000 Model 3s in a week

  • California agency probing Tesla's Fremont factory for the third time

    Investigation follows a complaint from one of the automaker’s employees at the plant

  • Musk proposes mini-submarine to save Thai cave boys

    fans hail Musk and his engineers for their creativity


    Original news : https://tribune.com.pk/story/1760948/8-tesla-model-3-profitable-electric-car/