"Gross margin is ~20% excluding ZEV"... where are you getting your data? Have you checked their latest Q3 earnings report? Here's a quote from their Q3 shareh

"Gross margin is ~20% excluding ZEV"... where are you getting your data? Have you checked their latest Q3 earnings report? Here's a quote from their Q3 shareholder letter: "Q3 GAAP Total automotive gross margin was 29.4%, while non-GAAP Automotive gross margin was 25.0% excluding SBC and $139 million of ZEV credit revenue." source: http://files.shareholder.com/downloads/ABEA-4CW8X0/2123516573x0x913801/F9E5C36A-AFDD-4FF2-A375-ED9B0F912622/Q3_16_Update_Letter_-_final.pdf http://files.shareholder.com/downloads/ABEA-4CW8X0/212351657...