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/1783894556464894237and all this even before the threat of super cheap Chinese EVs.
and you expect lithium suppliers to thrive under this condition?
