They lost $1.2 Billions on EVs just last quarter. I am sure there is a lot of pressure in those board meetings to fix this fast or just spend a fraction of that money on lobbying for Hybrids and keeping Chinese out. Stock is down 8.44% today.
Got some on the last dip ($9.75) but it is going to be tough to compete with Chinese and Koreans. It will be interesting to see how Skunk Works is going to beat a $10K BYD Seagull without U.S. government protection.
I don't know if it is a fair enough game to call it a competition. China is subsidizing exports. US doesn't have a choice to not protect our market. The competition will be domestic IMO.
heard about it. Sounds very exciting and in the right direction. My next EV will definitely be more efficient and hopefully less expensive.
Of course it is fair. Our government supports EVs (Tesla probably wouldn't survive without it) and those $7,500 incentives really go to the manufacturer through our pockets. we just don't care about it as much as chinese do. We subsidize oil, and most of all we put our resources in our defense industry. Each government has different priorities. We take advantage of of our strong military, air force and navy but we expect Chinese not to take advantage of their strong EV manufacturing sector at our own consumer expense.
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