Re:Tesla drops 7% after Goldman Sachs says the stock is wort...
by btilly on Wednesday July 05, 2017 @08:22PM
(#14707275)
The Bolt costs $37,500 and according to rumor GM is losing $8-9000 per car for that. So let's say that the real cost of manufacture is $46,000.
The Model 3 is a comparable car starting at $35,000 but is planned to sell at an average of $45,000 with an independently estimated profit percentage of around 25%. That means that the cost of production is somewhere around $34,000.
If costs continue looking like that, as both companies scale electric car production up, which manufacturer would you prefer to be?
Also I called them comparable, but they really aren't. After looking at safety in accidents, the driving assist and so on, my family doesn't consider them equivalent. We put a deposit on a Model 3 which we hope to buy next year. Traditional manufacturers are well behind Tesla on key amenities like that.
The Model 3 is a comparable car starting at $35,000 but is planned to sell at an average of $45,000 with an independently estimated profit percentage of around 25%. That means that the cost of production is somewhere around $34,000.
If costs continue looking like that, as both companies scale electric car production up, which manufacturer would you prefer to be?
Also I called them comparable, but they really aren't. After looking at safety in accidents, the driving assist and so on, my family doesn't consider them equivalent. We put a deposit on a Model 3 which we hope to buy next year. Traditional manufacturers are well behind Tesla on key amenities like that.