Financial Modeling for Product Managers
Financial modeling involves creating representations of a company's financial performance and business operations to predict future financial outcomes. For product managers, it's a crucial tool for assessing the economic viability of a product, estimating costs, and forecasting revenue.
At Tesla, product managers use financial modeling to estimate the costs and revenue potential of new electric vehicle models. This helps in making informed decisions about product development and pricing strategies, ensuring the economic viability of their products.