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Unlike Tesla, which makes a profit on its EV's, most other EV makers lose money on every car. Losing money on every car when there are economic clouds approachi
by givemeethekeys 3y ago
Unlike Tesla, which makes a profit on its EV's, most other EV makers lose money on every car. Losing money on every car when there are economic clouds approaching probably doesn't make the accounting department happy.
- bdcravens 3y agoAre they? I haven't seen any numbers to back up that claim. Do you have any you can share? I know that Kia has been seeing record profits on the back of strong EV sales, but perhaps they're an outlier.
- givemeethekeys 3y agoI watch a fair amount of automotive content on YouTube, and not being able to make a profit (yet) on EV's is a repeating theme for legacy automakers. A quick search found this: https://s201.q4cdn.com/693218008/files/doc_financials/2023/q3/Ford-Again-Attracts-New-Customers-Drives-Growth-in-Q3-Company-Changing-How-it-Works-to-Improve-Quality-Costs.pdf https://s201.q4cdn.com/693218008/files/doc_financials/2023/q... https://www.forbes.com/sites/samabuelsamid/2022/11/17/gm-targets-ev-profitability-by-2025/?sh=1a1a04aa3033 https://www.forbes.com/sites/samabuelsamid/2022/11/17/gm-tar...