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>purchasers of Model 3's now expect OTA updates so there is a little bit of R&D cost in the future but it's very minor compared to what's already been spent. T
by notenoughstuff 8y ago
>purchasers of Model 3's now expect OTA updates so there is a little bit of R&D cost in the future but it's very minor compared to what's already been spent.
Toyota spent almost $10 billion on R&D last year. Ford $8 billion. VW spent $15 billion.
Tesla spent $1.5 billion. What is it that makes people think that Tesla's R&D spend is so significant, and that it will diminish drastically in the future? This is an R&D intensive industry.
- Proven 8y agoThe fact that their R&D spend simply can’t be recouped by selling a handful of cars? A BMW can be had for $54/month. And I doubt they will fail to make as many as the market wants. https://www.detroitnews.com/story/business/autos/2018/05/17/carmakers-offer-big-incentives-electric-vehicles/34992385/ https://www.detroitnews.com/story/business/autos/2018/05/17/...
- bryanlarsen 8y agoToyota will spend roughly $0 in R&D on the 2017 Camry in 2018.