General EV Conversation
Rivians are being sold for a loss because they're still ramping up and are on track to be profitable by Q4 2024. They reduced their loss per vehicle from $124K to about $33K in Q4. Add in the design changes they're making to the production line later this year and they'll be okay this year. I wouldn't expect much in profits until Georgia is up and running and they introduce an R2 line
Tesla wasn't reliably profitable until the 3 left production hell and has been doing great since the Y
Tesla wasn't reliably profitable until the 3 left production hell and has been doing great since the Y
well tesla isn't losing money. 
about rivian, i guess i made a big goof in my prior post because it's lucid that's backed by saudis.
rivian does have that sweet giant delivery van order from amazon they've bee working on, so there's that.
i hope rivian makes it, cool products.
speaking of lucid, they have (really) great engineering but are a 1 trick pony right now. the sedan is good but funky and way out of reach for 99% of buyers. the new suv (gravity?) isn't even out yet i don't think.
maybe you're referring to ice makers though making ev's. i've no idea if hyundai/kia is losing money on ev's at this time, but wouldn't surprise me one way or another, although they share so many components, that's gotta help.
bmw has hedged using convertible ice/ev platforms (i guess to save money) but i personally don't think that's great as they're then not space efficient.
mercedes went all out with EQ stuff with mixed results so far (probably lost a fortune to date but had to get going).
vw actually sells a decent number of ev's and shares the cost across vw/audi/porsche so there's that.
about rivian, i guess i made a big goof in my prior post because it's lucid that's backed by saudis.
rivian does have that sweet giant delivery van order from amazon they've bee working on, so there's that.
i hope rivian makes it, cool products.
speaking of lucid, they have (really) great engineering but are a 1 trick pony right now. the sedan is good but funky and way out of reach for 99% of buyers. the new suv (gravity?) isn't even out yet i don't think.
maybe you're referring to ice makers though making ev's. i've no idea if hyundai/kia is losing money on ev's at this time, but wouldn't surprise me one way or another, although they share so many components, that's gotta help.
bmw has hedged using convertible ice/ev platforms (i guess to save money) but i personally don't think that's great as they're then not space efficient.
mercedes went all out with EQ stuff with mixed results so far (probably lost a fortune to date but had to get going).
vw actually sells a decent number of ev's and shares the cost across vw/audi/porsche so there's that.
Last edited by bitkahuna; Jan 20, 2024 at 04:10 PM.
Lead Lap
Joined: Jan 2003
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Regardless if I have shareholders or just my own personal business, anytime you have a business and you base that business on certain projections and have to revise those projections in a big way it’s a problem because you built the business based on those projections and may have overspent on investing in the business based on those projections. If you are a small business or don’t have financial backers to cover you for longer return on investment it’s a problem regardless of growth.
Lexus Fanatic
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Mara Barra insisted GM would pass Tesla in EV sales by 2025 I don't see anyone roasting her. If Ford were to completely give up on the Lightning then I'd sharply critique them, but they're not and from what I've read they are working on a refresh.
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They keep increasing R&D spending
https://www.macrotrends.net/stocks/c...pment-expenses
elon musk knows that he must keep his foot to the floor in terms of investment and innovation. ain't cheap, but obviously he's achieved such scale of 3/Y that it's proftiable for the company as a whole despite vast spending.
Pole Position
Joined: Nov 2012
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From: CA
The Lightning is an expensive F-150, and is towing/range limited. I just struggle with the idea of an electric pickup.
Ditto the others, not just Ford. The CT is a different animal; we will have to see how it does after the initial delivery rush.
Just my 2 cents...
Ditto the others, not just Ford. The CT is a different animal; we will have to see how it does after the initial delivery rush.
Just my 2 cents...
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Tesla is investing far more than any auto maker, maybe not in total dollars but certainly in technology. Cars and trucks, mining, Tesla Bot, FSD, Dojo, charging network to name a few.
They keep increasing R&D spending
https://www.macrotrends.net/stocks/c...pment-expenses
They keep increasing R&D spending
https://www.macrotrends.net/stocks/c...pment-expenses
the development cost isn't a one time thing and even after tesla went through 'hell' with the 3 and y, they have not only continued to spend massively on automation, gigapresses and the like, they've obviously spent billions on new factories, and now major upgrades to 3 and y plus the CT has all kinds of new things they've never done before.
elon musk knows that he must keep his foot to the floor in terms of investment and innovation. ain't cheap, but obviously he's achieved such scale of 3/Y that it's proftiable for the company as a whole despite vast spending.
elon musk knows that he must keep his foot to the floor in terms of investment and innovation. ain't cheap, but obviously he's achieved such scale of 3/Y that it's proftiable for the company as a whole despite vast spending.
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Every EV is bad at towing can't cheat physics. There is not enough energy in the battery to tow long distances if you love to tow big heavy things don't buy an EV.
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