Re:Tesla’s ‘Anemic’ High-Margin Model Sales Extends Profit S...
by AtlasBarfed on Wednesday July 24, 2019 @12:25PM
(#20516808)
Those other EVs are halo loss-leader cars intended to assuage investors that the company is trying to stay abreast of the very chaotic changes that will be coming to the industry.
Tesla makes EVs at profit. Margins have been confirmed, and they are at scale production.
Name me another scale production EV that has been confirmed to be profitable for the company. AFAIK the Bolt and iPace and even the Taycan are/will be toe-dipping projects.
Tesla is ... mostly ... profitable, with the necessary startup investments and vertical scaling complete.
It's really the only profitable EV company, and probably still has 8-10 years of structural advantage over the ICE incumbents.
A good metal/solid state lithium battery tech will help the incumbents close the gap (I think Toyota in particular is gambling on this), and VW seems to be actually walking the walk (to avoid Dieselgate fines) for EV investment.
But it looks to me all the other CEOs are just treading water with investors and analysts to keep their jobs as long as possible, because none of them are of the kind to do the restructuring necessary to make an established brand go all-in on EV.
Tesla makes EVs at profit. Margins have been confirmed, and they are at scale production.
Name me another scale production EV that has been confirmed to be profitable for the company. AFAIK the Bolt and iPace and even the Taycan are/will be toe-dipping projects.
Tesla is ... mostly ... profitable, with the necessary startup investments and vertical scaling complete.
It's really the only profitable EV company, and probably still has 8-10 years of structural advantage over the ICE incumbents.
A good metal/solid state lithium battery tech will help the incumbents close the gap (I think Toyota in particular is gambling on this), and VW seems to be actually walking the walk (to avoid Dieselgate fines) for EV investment.
But it looks to me all the other CEOs are just treading water with investors and analysts to keep their jobs as long as possible, because none of them are of the kind to do the restructuring necessary to make an established brand go all-in on EV.