Two car companies are losing a bundle on every electric car they produce, but they intend to make it up on volume. From Eric Peters at ericpetersautos.com:
How much money is it possible to lose “selling” electric vehicles? Ford and Rivian are trying hard to find out.
Ford expects to lose more than $4.5 billion on EVs, according to the most recent projections of company CEO Jim Farley. Such losses are incurred by “selling” EVs like the F-150 Lightning electric truck, which Ford reportedly costs Ford $60,000 per “sale.”
Rivian, which also makes an electric truck and an electric SUV (they’re both the same battery-powered devices; built on a common underlying skate with different shaped bodies placed on top) is doing much “better.”
It is only losing a reported $33,000 per “sale.”
Put another way, according to a story in the Wall Street Journal, Rivian “hopes to slash production costs by as much as $40,000 to claw back the losses it makes on each vehicle.”
Italics added.
The losses it makes.
This is how things “work” in a fascist economy.
People draw back when they hear the latter italicized word, having been taught – having been misdirected – to equate “fascist” with “right wing” (even more misdirection, as “right wing” and “left wing” are the same thing, which is authoritarian collectivism with different symbols) and more specifically, goose-stepping. But the goose-stepping is not required; it is an affectation of one variety of fascism. What all forms of fascism have in common is that government allows the formality of private property but tells everyone how they may (and may not) use what they are allowed to pretend is “their” property. Corporations become inseparable from government – and vice versa. They amount to the same thing.
