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So now Ford's losses per vehicle have more than halved, they are...

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Quamera

2,496 Posts.

146

27/04/24

22:08

Post #: 73540245
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Originally posted by 1ronnie: ↑

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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Originally posted by Quamera: ↑

I have seen those losses by Ford reported elsewhere but IMO there must be some creative accounting or a typo happening somewhere because $132K per EV just isn't realistic. I can understand some losses when developing a new product but that is just ridiculous.

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So now Ford's losses per vehicle have more than halved, they are still fairly high but at least believable.
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0 Great analysis

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