this post was submitted on 27 Jun 2024
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Electric Vehicles
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"per vehicle" losses are a weird metric. Each truck does not cost them 130k more than they are selling it for. That number is just the total revenue/vehicles sold. That "per vehicle" loss includes things like buying expensive machinery, buildings and various other investments in their infastructure.
For decades Amazon also did not turn a profit, but it was because they poured that money back into their infastructure instead. It would have been a super weird metric to say that amazon lost $.000000003/widget sold.
Once those investments are done, their numbers will flip drastically, as long as they dont overextend and they survive as a company. The recent 5 billion investment from Volkswagen should help there.