Tesla has been successful with its model M1, but is planning to expand its line of products with a new Model J1. Tesla sells the M1 for $70,000 each, with variable costs totaling $40,299 per car....

Extracted text: Tesla has been successful with its model M1, but is planning to expand its line of products with a new Model J1. Tesla sells the M1 for $70,000 each, with variable costs totaling $40,299 per car. Tesla will price the J1 at $75,000 with variable costs of $58,548 per car. Research among dealers suggests a cannibalization rate of 48% for the J1. Calculate weighted contribution margin for the new J1. Rounding: penny. Your Answer: Answer