How has Tesla generated unparalleled operating leverage?

+ The Little Things that Get You Promoted

Tesla’s 10x Revenue/OpEx is world’s apart from Toyota & Volkswagen’s 2x. It’s unparalleled operating leverage:

Source: Forward Cap

Part of this is producing 1/10th the cars. But more so it’s a revolutionary approach to cost control, one Elon exhibits at SpaceX too. It speaks to the unique way he runs his companies - and is worth studying.

Let’s start with …