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This will have significant operating leverage. Now there's a lot of misconceptions around EVs on the separate areas of costs like resale value and insurance, of course, range and charging, and battery life. This revenue has gross margins of 50-plus percent, which drives significant operating leverage and improved capital efficiency.
We continue to maintain a strong balance sheet with low leverage and significant liquidity, which provides us with flexibility to adjust to changing market conditions. Our consolidated leverage at December 31st was 18.6%, and consolidated leverage net of cash was 7.8%. At December 31st, we had $6.4 billion of cash and $3.1
We've got a much larger force of transportation out there that they can leverage, which I think makes a lot of sense. But fans were understandably frustrated, especially when they hopped on over to the secondary or resale ticket market and found tickets for, in some cases, thousands of dollars. Jason Moser: Yes, they are.
RITHOLTZ: The market didn’t start to stumble. Market peaked in October ’07. RITHOLTZ: So you still had a full, the stockmarket. Like every time I see that sort of argument and we have a similar argument in the stockmarket, all this cash on the sidelines, what do you mean? MILLER: Correct.
Recently, in the stockmarket, we are seeing the trends of reviewing the cross-holding of the shares. But now, your question will also pertain to the stockmarket fluctuation. So, as for the resale, in Mexico, for example, we had a confusion in logistics. million shares worth 20 billion yen altogether.
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