That’s a lot of money for ant company.
https://www.foxbusiness.com/lifestyl...ional-vehicles
That’s a lot of money for ant company.
https://www.foxbusiness.com/lifestyl...ional-vehicles
Probably about what it will lose going into Formula 1 also.
2008 Skeeter 21I. Yamaha 250 Series II.
2011 Toyota Tundra Crewmax 4x4.
Start ups lose money, how much money did Tesla lose before hitting a break even year? How much is still on their balance sheets? As for the $3 billion dollars Ford is able to finance this cost either themselves via corporate bonds or by borrowing from banks and don't seem too concerned about it.
2018 Ranger RT188 SC Black/115 hp Yamaha SHO 4-stroke; Garmin LVS34 - north
2018 Ranger RT188 DC Black/115 hp Merc Pro XS 4-stroke; Garmin LVS34 - south
14' Mirrorcraft tin boat (ancient) with a 9.9 Mercury 4-stroke, no electronics; catches fish anyway
Tesla was literally hours away from bankruptcy when it started and now is a cash printing machine. Ford is one of the few OEMs that I think survive the EV transition.
Thanos was the hero
Your head line is a joke...
"As everyone knows, EV startups lose money while they invest in capabilities, develop knowledge, build volume and gain share."
Well.. start ups cost money. Has to happen at some point if your intention is to move the Auto Market to primarily or completely EV at some point? I'd guess they were aware this would happen. They are spewing 5.6 billion in new construction cost for an EV assembly plant about 30 miles from my desk as we speak. I don't think anyone can show EV being a net benefit to the planet at this point, but they are by God going to do it anyway. Clearly our masters don't intend on our future generations owning combustion engine vehicles.
Thanos was the hero
Does that include the 18 recalled lightnings that were catching fire. Lots of growing pains coming for the big three. Tesla forced their hand way before they were ready.
Thanos was the hero
Last edited by 188Musky; 03-24-2023 at 11:10 AM.
Wish I could make statements regarding my project finances at work like some of the ones made in this article and not get fired immediately! That being said, some VP would ask me to speak in laymen's terms if I did...
"As everyone knows, EV startups lose money while they invest in capabilities, develop knowledge, build volume and gain share."
would change to... 'As you can see, we are losing a lot of money trying to figure out how to make money on EVs'.
Model e lost $2.1 billion in 2022 and its cumulative 2021 through 2023 loss is projected at $6 billion.
translates to.... 'If you think we lost a lot of money last year, wait till you see this years losses!'
I'm sure Ford expected to lose money on EV startup. How much they expected to lose, IDK.
Thanos was the hero