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Not much to get. People aren't willing to pay prices which will provide enough margin to cover costs. Electric cars are a tough business, especially for a compa
by hodder 7y ago
Not much to get. People aren't willing to pay prices which will provide enough margin to cover costs. Electric cars are a tough business, especially for a company with no established auto supply chain or auto manufacturing experience.
Teslas are often touted as great products, yet there is no sign that they will ever turn a penny in cumulative cash profit.
NIO is going bankrupt.
Chevy bolts are touted as great products, but GM loses money on them and don't see profit potential for several more years. And they have the supply chain and experience.
There has yet to be a commercially viable plug in electric car. Not a shock that it is also true for Dyson.
Why is this being downvoted? I didnt say electric cars will never make money. I am stating the FACT that no company makes money on them YET.