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>So that industry is a famine-or-feast industry. Either they are losing money in mind-boggling quantities, or they are making money in mind-boggling quantities.
by lotsofpulp 2y ago
>So that industry is a famine-or-feast industry. Either they are losing money in mind-boggling quantities, or they are making money in mind-boggling quantities. There is not a lot of in between.
Search profit margins for Toyota/Ford/Volkswagen/Mercedes/BMW/Honda/etc
All are in the 5% to 10% range, which is objectively a middle of the road profit margin.
Mind boggling is what tech/oil/pharma/finance does, at 20%, 30%, even 40%+ profit margins. Which is why they are at the top of market cap rankings.
https://companiesmarketcap.com/ https://companiesmarketcap.com/
- AtlasBarfed 2y agoTesla's I'd allegedly way better. And when sodium ion hits volume at 200 wh/kg in a year or two, look out Which is why the question is valid for EVs. There's about to be a revolutionary drop in the core cost of a car: batteries, motor, brakes. That's it!