Cybertruck a flop?!?!

[CyberGus]

I hear ya Gus. I don't drive any of my other cars hardly either because the Cyberbeast is THAT much fun to drive.

I'll invent chores just to have a reason to go out

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[PungoteagueDave]

Incorrect. Neither one produce all EVs at gross profit. The equipment that produces them has a finite lifespan.

GM tried to confuse people like you recently by using an undefined term (something like "periodic variable gross profit") but all it did was highlight that the more they sell, the more they lose.

Again, wrong. I have analyzed (or had students do it) the financials for every quarter since TSLA went public, and have done the math for the Lightning, Rivian & GM EVs. I also listen to the quarterly earnings calls for all four. The MSM has continued with this falsehood that every vehicle sold is at a loss, and folks like you get trapped into believing it. It is simply untrue, and always has been. Rivian has a $30k+ loss on every vehicle sold, may be down to $25k in the last quarter, but every other EV truck maker has a positive gross profit per vehicle. That is a fact, and no I am not confused. I teach finance at a major university, sit on several public company boards, chair two audit committees, and know how to read financials.Facts matter, and the only EV manufacturer in the U.S. that has a variable cost per vehicle exceeding its sales price is Rivian. They have no way out of it. But every other EV maker based in the U.S. spends less cash per unit than its selling price, full stop.

 

[HaulingAss]

Again, wrong. I have analyzed (or had students do it) the financials for every quarter since TSLA went public, and have done the math for the Lightning, Rivian & GM EVs. I also listen to the quarterly earnings calls for all four. The MSM has continued with this falsehood that every vehicle sold is at a loss, and folks like you get trapped into believing it. It is simply untrue, and always has been. Rivian has a $30k+ loss on every vehicle sold, may be down to $25k in the last quarter, but every other EV truck maker has a positive gross profit per vehicle. That is a fact, and no I am not confused. I teach finance at a major university, sit on several public company boards, chair two audit committees, and know how to read financials.Facts matter, and the only EV manufacturer in the U.S. that has a variable cost per vehicle exceeding its sales price is Rivian. They have no way out of it. But every other EV maker based in the U.S. spends less cash per unit than its selling price, full stop.

No, they don't. The selling price to dealerships is lower than the dealers sell them for. You have to cost out the manufacturing dies and equipment because it has a limited expected lifespan. They are losing bigtime on EVs and, if they made more, they would lose more.

You can play all the accounting games you want, they are not even close to breakeven on each EV. EVs are costing Ford, GM and Rivian billions!

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