“...and even with heavy federal and state subsidies, Teslas are produced at a loss. BMW’s without those subsidies are produced at a profit. That’s the difference.”
Incorrect. Teslas are currently produced with 20-25% margins. Those margins will increase as the Gigafactory comes on line and economies of scale improve further.
Ummm, Tesla has an accumulated deficit of well over $3,000,000,000 and has lost $4.77 per share during the past 12 months. While Tesla may be the darling of Wall Street, and can claim whatever “margins” it wants, the fact is that its operations are a huge cash bonfire.