How much car companies burn on EV
Ford $F: Anywhere from $36,000 to $65,000 per EV sold
$GM: Lost $1.7 billion on its EV business in 2023
Tesla $TSLA: Generates an average gross profit of $8,431 per car
Rivian $RIVN: Sells its EV for over $80,000 on average, but loses more than $33,000 on every EV it sells
https://x.com/Benzinga/status/1783894556464894237
and all this even before the threat of super cheap Chinese EVs.
and you expect lithium suppliers to thrive under this condition?
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