Tesla CEO Elon Musk said on Sunday local time that the company has set a goal for its Supercharger business to achieve a gross margin of 30%, or a profit margin of around 10%, including all costs. The world’s richest man tweeted in response to a post exploring the value details of Tesla’s Supercharger network, saying, “We’re targeting a 30% gross margin or 10% profit margin, including all costs.
The total gross margin for Tesla’s automotive business was 27% last year and 21% in 2020. The company did not disclose a breakdown of profit margins by segment.
Tesla currently owns and operates more than 30,000 Supercharger stations in more than 2,564 locations around the world, with more than 8,000 of which are located in China. The company has been expanding its supercharging network amid growing competition.