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Review the following comparative financial statements for Tesla Inc. for the years ended December 31, 2022, 2021, and 2020. Tesla Inc. 2022 2021 2020 Sales
Review the following comparative financial statements for Tesla Inc. for the years ended December 31, 2022, 2021, and 2020.
Tesla Inc. | 2022 | 2021 | 2020 |
Sales | $81,462 | $53,823 | $31,536 |
Cost of Goods Sold | $54,123 | $36,271 | $20,524 |
Gross Profit | $27,339 | $17,552 | $11,012 |
Operating Expenses | $16,834 | $11,497 | $7,852 |
Net Income | $11,505 | $6,055 | $3,160 |
Requirements:
- Calculate the gross profit margin for each year.
- Determine the operating profit margin for each year.
- Compute the net profit margin for each year.
- Analyze the trends observed in the profitability of Tesla Inc. over the three-year period.
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