Ford lost $40K on every EV it sold

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Could this also be leading to other cars being more expensive? Offsetting some of their losses by raising the prices on ICE vehicles?

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They mostly do this to pull up a bunch of capex depreciation and R&D expense to offset profits from other business units so they don't have to pay taxes.

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Ford lost $40K on every EV it sold

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Could this also be leading to other cars being more expensive? Offsetting some of their losses by raising the prices on ICE vehicles?

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Only if you buy the fords

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Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year

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These numbers are totally meaningless... they are likely shoving all sorts of crap into it. Accelerated depreciation of the new plants and equipment, r&d costs, etc.

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The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. And its revenue plunged 84% to about $100 million, which Ford attributed mostly to price cuts for EVs across the industry.

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Now, these numbers have a ton of meaning. If EV is the future, then units sold and revenue shoud be increasing... whereas this shows that even despite price cuts, they are selling less units.

I think at this point, almost everyone who wants an EV has an EV. The market is sautrated. Additionally, many EV owners are not yet in a need to replace their EV with another EV. It could be a number of years before replacement demand kicks in.

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We are doing all of this to ourselves and we can't stop it because we don't understand what is actually happening. All we have to do is stop buying.....

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Gotta get that Insta-cred though, yo!

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Over a billion dollars in losses:

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To manufacture a Tesla model Y battery, it you need:

--12 tons of rock for Lithium (can also be extracted from sea water)
-- 5 tons of cobalt minerals (Most cobalt is made as a byproduct of processing copper and nickel ores. It is the most difficult and expensive material to obtain for a battery.)
-- 3 tons nickel ore
-- 12 tons of copper ore

You must move 250 tons of soil to obtain:
-- 26.5 pounds of Lithium
-- 30 pounds of nickel
-- 48.5 pounds of manganese
-- 15 pounds of cobalt

To manufacture the battery also requires:
-- 441 pounds of aluminum, steel and/or plastic
-- 112 pounds of graphite

The Caterpillar 994A is used to move the earth to obtain the minerals needed for this battery. The Caterpillar consumes 264 gallons of diesel in 12 hours.

The bulk of necessary minerals for manufacturing the batteries come from China or Africa. Much of the labor in Africa is done by children. When you buy an electric car, China profits most.

The 2021 Tesla Model Y OEM battery (the cheapest Tesla battery) is currently for sale on the Internet for $4,999 not including shipping or installation. The battery weighs 1,000 pounds (you can imagine the shipping cost). The cost of Tesla batteries are:

Model 3 -- $14,000+ (Car MSRP $38,990)
Model Y -- $5,000–$5,500 (Car MSRP $47,740)
Model S -- $13,000–$20,000 (Car MSRP $74,990)
Model X -- $13,000+ (Car MSRP $79,990)

It takes 7 years for an electric car to reach net-zero CO2. The life expectancy of the battery is 10 years (average). Only in the last 3 years do you start to reduce your carbon footprint, but then the batteries must be replaced and you lose all gains made.

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you should have left that on BoomerBook where it belongs.