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GM was in the red for every Bolt sold, somewhere between selling each unit at a $4000 to $9000 loss[1]. And GM's CEO Mary Barra full on admitted to GM investors

GM was in the red for every Bolt sold, somewhere between selling each unit at a $4000 to $9000 loss[1]. And GM's CEO Mary Barra full on admitted to GM investors that GM EV's will likely not see profitability until between 2020 and 2030 [2], and AFAIK it's mostly due to focusing on Cadilliac branded EV's first. I don't know of much reason to spend high capital to create a production line, and then take a loss per unit sold other then for compliance. [1]https://www.hotcars.com/gm-admits-bolt-not-profitable/ https://www.hotcars.com/gm-admits-bolt-not-profitable/ [2]https://www.cnbc.com/2019/02/06/gm-doesnt-expect-to-make-money-off-electric-cars-until-next-decade.html https://www.cnbc.com/2019/02/06/gm-doesnt-expect-to-make-mon...

evgen 6y ago
> GM was in the red for every Bolt sold, somewhere between selling each unit at a $4000 to $9000 loss[1]. Tesla consistently has a larger loss per vehicle, and unlike GM there is no actual profit center to compensate if the government subsidies happen to dry up.
- omgwtfbyobbq 6y ago
  Tesla's been able to improve to the point where they are still profitable without emissions credit sales. https://tesla-cdn.thron.com/delivery/public/document/tesla/3d22dce9-36a8-46b9-b208-64c92e308a56/S1dbei4/WEB/TSLA-Q3-2020-Update https://tesla-cdn.thron.com/delivery/public/document/tesla/3... They could cut the $330 million in R&D costs too, but i don't think they should given their niche.
xxpor 6y ago
That's amazing concidering how crappy the bolt I test drove 6 months ago was. It was like they took their cheapest subcompact, threw some batteries and motors in it, and started charging $40k for a car that if it were gas would be maybe $20k at best.
- refurb 6y ago
  Is it that amazing? GM has been squeezing efficiency out of thier ICE production lines for close to 100 years. Suddenly switch to a new type of power train and combine that with small volumes and I’m not surprised in the least it crazy expensive.

evgen 6y ago

> GM was in the red for every Bolt sold, somewhere between selling each unit at a $4000 to $9000 loss[1]. Tesla consistently has a larger loss per vehicle, and unlike GM there is no actual profit center to compensate if the government subsidies happen to dry up.

omgwtfbyobbq 6y ago
Tesla's been able to improve to the point where they are still profitable without emissions credit sales. https://tesla-cdn.thron.com/delivery/public/document/tesla/3d22dce9-36a8-46b9-b208-64c92e308a56/S1dbei4/WEB/TSLA-Q3-2020-Update https://tesla-cdn.thron.com/delivery/public/document/tesla/3... They could cut the $330 million in R&D costs too, but i don't think they should given their niche.

xxpor 6y ago

That's amazing concidering how crappy the bolt I test drove 6 months ago was. It was like they took their cheapest subcompact, threw some batteries and motors in it, and started charging $40k for a car that if it were gas would be maybe $20k at best.

refurb 6y ago
Is it that amazing? GM has been squeezing efficiency out of thier ICE production lines for close to 100 years. Suddenly switch to a new type of power train and combine that with small volumes and I’m not surprised in the least it crazy expensive.