If their margins are so high, why are they losing money hand over fist?
People want to buy a Tesla for the same reason many want to buy an Apple or Bose product -- great marketing, not any kind of intrinsic value. And besides, "legacy" automakers (you know, those guys who actually were first to make an electric vehicle, hybrid, fuel cell, hydrogen etc., ones who have driver assistance systems that do not try to actively kill their users, etc. etc.)already have cars people want to buy. Unless you're talking about some edge cases (doesn't Norway tax regular cars so much that Tesla is actually a good value?) making EVs for them isn't currently a very profitable strategy. Not that it were profitable for Tesla either, of course.
It would also be interesting to learn what is it that Tesla actually innovated, apart from marketing (and even there, Apple or Bose has been selling flash over substance for years and years before Tesla)? Batteries? No, they are completely off the shelf. Do they have some magical mystery motors? No... Some exotic body construction maybe? Nope, aluminum cars have been around for quite a while, too. Some incredible self-driving software? No, better not even go there.
It will be interesting to see what happens in a couple of years when VWs electric factory comes online.