Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct costs tied to producing goods that a company sells during a specific time.

Cost of goods sold is the expense directly linked to producing or buying goods for resale, ... Using the COGS formula: COGS = $10,000 (opening inventory) + $5,000 (purchases) ...

Tesla (TSLA) shared all sorts of information during its Tesla Investor Day 2023 event, including ways in which it aims to reduce the cost of its next generation of vehicles by as much as 50 percent.