General EV Conversation
Lexus Fanatic
Joined: May 2012
Posts: 68,466
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From: Maryland
In early May, the interim Chief Executive Officer Marc Winterhoff admitted that the model has faced delays due to supply chain issues.
“While we encountered a modest supply chain bottleneck that had an impact on our timeline, the more important point is that we’re taking the time to get it right, not just getting it out,” Winterhoff said during the company’s first-quarter earnings call.
As exclusively reported on April 2, a source familiar with the matter told EV back then that April volumes would be “very small,” and that higher-volume output likely wouldn’t begin until “June or July.”
An update on the production ramp-up is expected at Lucid‘s second-quarter earnings call scheduled for next week, on September 5.
“While we encountered a modest supply chain bottleneck that had an impact on our timeline, the more important point is that we’re taking the time to get it right, not just getting it out,” Winterhoff said during the company’s first-quarter earnings call.
As exclusively reported on April 2, a source familiar with the matter told EV back then that April volumes would be “very small,” and that higher-volume output likely wouldn’t begin until “June or July.”
An update on the production ramp-up is expected at Lucid‘s second-quarter earnings call scheduled for next week, on September 5.
The Gravity looks much better in person, and its a seriously impressive vehicle. Its incredibly space efficient, like the Air.
Lead Lap
Joined: May 2010
Posts: 3,951
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From: San Diego, CA
Ford is building new factories, new battery plants and is announcing what is rumored to be an all new platform next week.
Almost every legacy investing in these things is going to show losses but most don't separately itemize like Ford as most are not organized in divisions which report individually. In other cases, investments in the same things Ford is investing in would just result in lower overall margin and profit at the top level. In Ford's case all EV costs are reported via the Model E division.
Almost every legacy investing in these things is going to show losses but most don't separately itemize like Ford as most are not organized in divisions which report individually. In other cases, investments in the same things Ford is investing in would just result in lower overall margin and profit at the top level. In Ford's case all EV costs are reported via the Model E division.
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Lexus Fanatic
Joined: May 2012
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From: Maryland
Lexus Fanatic
Joined: Sep 2010
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From: Alberta
Hyundai Kia group does not report electric vehicle financials separately you can't guarantee anything. I read recently their operating margins on EVs is 9% but that's an estimate, if true this beats Tesla.
Lexus Fanatic
Joined: May 2012
Posts: 68,466
Likes: 3,990
From: Maryland
Lexus Fanatic
Joined: May 2012
Posts: 68,466
Likes: 3,990
From: Maryland