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It's very interesting how the EV industry models itself off the software industry, where companies deal more in hype and promises than actual products. This is
by TchoBeer 4y ago
It's very interesting how the EV industry models itself off the software industry, where companies deal more in hype and promises than actual products. This is expected from software, but it's surreal when it's a car company. The only EV company that started as an EV company and actually makes cars is Tesla, Rivian is a strong second and they have made like 2,000 cars.
- parkingrift 4y agoRivian has produced about 14,000 cards YTD and they seem to be on-pace for annualized production of 25,000 cars. That's not an overall impressive number, but getting a car company off the ground seems quite difficult and capital intensive. Rivian seems likely to survive. Some of the others... not so much.
- sergiosgc 4y agoIt's a capital-intensive industry with a long lead development cycle. You develop the product, then you develop the factories, then you actually build the factories. Software has a long lead development cycle but no capital investment in production facilities afterwards. I'd expect the auto industry to have longer times before profitability vs the software industry. It's expected, not surreal.
- mertd 4y ago> Rivian is a strong second BYD would like to have a word.