Electric Cars

CEO of Engineering firm who said the Model 3 was like a Kia built in the 90s was proven wrong [+video]

Munro and Associates, a Michigan-based engineering firm has completed the teardown of the Tesla Model 3. CEO of the company, Sandy Munro, who is a manufacturing expert has initially said that the Model 3 reminded him of Kia’s built in the 90s. After the teardown is complete, he has finally accepted that he was wrong.

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The Tesla Model 3 seems to be the most profitable EV out there said Munro which is estimated to be at around a 30% margin.

“The Model 3 is profitable. I have to eat crow; I didn’t think it was going to happen this way, but the Model 3 is profitable,” Munro says in the video. “No electric car is getting 30 percent,” he continued, referring to gross profit margin.

Check out the video to find out more.

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