Google for a brief time assembled Moto in Texas. It wasn't outrageously priced.

Google has the money to take a loss if it means getting product out the door faster than Apple.

google doesn't take losses on smart phones. only home devices

proof: see profit margins on all pixels/nexus. they either use cheap components in flagship models, or partner with someone a la apple and break then to build phones at their loss (see: htc, moto)