They’re shy because they loose money on every EV they sell. As far as I know Tesla is the only EV maker that makes money on EVs, about $10k per vehicle. Meanwhile, Ford looses about $30k per vehicle. Clearly not sustainable and probably the reason a lot of EV players are getting cold feet.
I’ve read that Lucid looses upwards of $400k on every unit they produce. Truly mind blowing.
They’re shy because they loose money on every EV they sell. As far as I know Tesla is the only EV maker that makes money on EVs, about $10k per vehicle. Meanwhile, Ford looses about $30k per vehicle. Clearly not sustainable and probably the reason a lot of EV players are getting cold feet. I’ve read that Lucid looses upwards of $400k on every unit they produce. Truly mind blowing.