Far cheaper to re-tool legacy old original ' ICE ' factories for changing designs and new models than to build from scratch very specialised ' Giga ' factories to eventually accommodate scaled economic revenues of a brand new and very different and specialized product.
And in the modern era of accounting standards where Buildings and Plant are expensed through the P&L in an accelerated fashion will still have ten be recouped in the units cost recoveries and the volumes which are still in their infancy by comparison.
So depreciation is HUGE , and not just at the Macro level in the factory , but also with the Electric car units which depreciate larger amounts and quicker.
SYA Price at posting:
1.9¢ Sentiment: None Disclosure: Held
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