Affordable Transportation

“EV manufacturer Lucid this week reported that it lost $684.8 million in the first quarter of the year. That’s $348,124 per car delivered.”

The EV Red Ink Keeps Coming – WSJ

About Tony Heller

Just having fun
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6 Responses to Affordable Transportation

  1. arn says:

    I don”t know this company,but it seems that they need 400K to produce a single vehicle if they make a loss of 350000 per unit.
    Even supercar producers don”t waste that much money .

  2. Conrad Ziefle says:

    How does the executive branch have more power than a king used to have? This has to end, but only after we clean out the trash.

  3. jb says:

    650 million lost …. $350K per car….
    Hmmm…… 350K*2*1000==650M…… so they sold 2,000 cars.
    Wow. Nothing!!!!!

  4. Disillusioned says:

    A couple months back an old friend, whom I have known since I was a deluded Democrat, met me for lunch and drove up in his new Tesla. I smiled on the outside as he showed it to me, but on the inside I was thinking what a chump – who buys a rapidly depreciating maintenance problem ,well known for myriad quality control issues?

    I buy autos 2 to 4 years old so I don’t take the new car depreciation hit. But an electric vehicle? I wouldn’t consider a used one even if it were a ‘deal’. Never, ever, ever. There is no deal with an EV. The ‘deal’ would be worth less as soon as I fork over the cash – and what would I also have? I would have a car full of quality control issues in addition to all of the impracticalities of an all-electric vehicle.

    IMO anyone who buys a Tesla (or other EV), has a need for approval of frie …acquaintances in their woke circle. He and wife could have taken a trip around the world and spent less than the depreciation hit he is taking on his very large, soon-to-be lawn ornament.

    • Mike says:

      You would have a fire bomb & a vehicle only good for a 50 mile radius. AND try driving an Electric Truck on a farm…one drive thru the cow piles, mud and water and…???. Either the truck and/or you too! E vehicle in water/mud…go for the FLASH?!!!

  5. Conrad Ziefle says:

    Many people in our society have turned their minds off.

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