Fiat takes a 20,000 dollar loss on every electric 500 (500e)
Chevy loses 9000 on each Volt
Tesla had a goal of 1500 model 3s, but only made 260. How much did they lose? Don't know. But, 1/6 of your production won't cover the intended profit from losing 5/6s of what you intended to sell.
http://www.thedrive.com/sheetmetal/14759/fiat-chrysler-loses-20000-for-every-fiat-500e-it-sells
and as I recently posted http://justacarguy.blogspot.com/2017/09/this-seems-ridiculous-electric-car.html they sell a Fiat 500 electric for about 12 to 15 thou on the used car lots because they are lemons. Soooooo... it's a 40 thousand dollar loss to Fiat for every lemon electric 500
Chevy loses 9000 on each Volt
Tesla had a goal of 1500 model 3s, but only made 260. How much did they lose? Don't know. But, 1/6 of your production won't cover the intended profit from losing 5/6s of what you intended to sell.
http://www.thedrive.com/sheetmetal/14759/fiat-chrysler-loses-20000-for-every-fiat-500e-it-sells
and as I recently posted http://justacarguy.blogspot.com/2017/09/this-seems-ridiculous-electric-car.html they sell a Fiat 500 electric for about 12 to 15 thou on the used car lots because they are lemons. Soooooo... it's a 40 thousand dollar loss to Fiat for every lemon electric 500
I would be extremely dubious of the losses that car makers claim they lose on producing electric cars.I am sure every development cost dollar and then some are factored into the final car's cost.Electric cars are an auto maker's worst nightmare.Electric motors with so few moving parts,no vibration will with minimal lubrication will last forever.Virtually no maintenance is required.
ReplyDeleteall right, but, they have no incentive to lie about it, or even stretch the truth, as that has a negative impact on investors and stock value, sales quotas, and annual bonuses based on productivity. Until someone says otherwise, I'm going to roll with what the money guys at Bloomberg report.
DeleteSo, in light of all the recent announcements about everyone going electric in the near future, apparently the auto makers are determined to drive (no pun intended) themselves into bankruptcy! Sounds like a sound business model.
ReplyDelete