After the analyst asked a question about whether the company could reach its 25 - per - cent gross margin target on the Model 3, chief financial officer Deepak Ahuja said recently imposed tariffs, more expensive commodities and
higher labour costs factored into the company's guidance.
Not exact matches
Other unfavourable
factors include weakening market demand amid the economic downturn, administrative inefficiency, non-transparent legal systems, foreign exchange controls,
high tax rates and
high labour costs, the report said.
Currently, the
cost of this is as
high as 5 % of a manufacturer's turnover driven by
factors such as increasing
labour costs.
He cited the
high Australian dollar, comparatively
high labour costs, and dramatically cheaper imports as
factors.