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AFAIK, GM is selling the Bolt at a loss. They don't have the ability to source batteries in quantities or at a cost low enough to compete with Tesla. This is al
by tachyonbeam 8y ago
AFAIK, GM is selling the Bolt at a loss. They don't have the ability to source batteries in quantities or at a cost low enough to compete with Tesla. This is also a problem for much of the EV competition. Tesla made the right bet by vertically integrating battery production and aiming for economies of scale. This is a huge competitive advantage that many people fail to understand. Batteries are most of the cost of an EV, and you need a lot of them. It's the reason why you don't see "Tesla killers" overtaking the market.