Not true at all. There are several profitable Chinese EV companies, and if you're only talking about cars available in the US for some reason, Stellantis and GM are making money on their EVs. And obviously Ford, Hyundai, Chevrolet, etc. are profitable overall.

I suppose the word "profitable" is open to some interpretation, but I stand by what I said above. I will not bother to cite the numerous financial reports about many of the companies you've mentioned, losing significant amounts of money on each EV sold. In some cases, the losses have been staggering.

One example: In 2024, the Ford Lightning was produced at a loss of $132,000 per vehicle.

https://www.f150lightningforum.com/forum/threads/ford-lost-1...

For now. They're also a good number of years ahead of most of them.. in finance and software.

Hyundai built a US factory to get the tax credit, so Elmo is trying to get rid of it. We will see how profitable Tesla is as sales are dropping massively all over the world.