Connect the dots....
$Apple(AAPL)$ cancels their EV program after 10 years.
$BYD Co., Ltd.(BYDDY)$ American boss says:
"We're not planning to come to the US; It's an interesting market, but it's very complicated if you're talking about EVs." She added that if a car company does not invest in EVs "you are out, you will die, you have no future."
$Lucid Group Inc(LCID)$ lost over $200K per vehicle sold last quarter
$RIVN lost ~ $40K per vehicle sold last quarter
Both burning through cash fast.
Volkswagen CEO says: "There are crazy things going on in China and at Tesla," said Schäfer in reference to the repeated price cuts by Tesla.
$TSLA scheduled to release next gen vehicles priced ~ $25K while ramping up the wildly popular CyberTruck, after having the best selling car on the planet last year, and sporting an extremely healthy balance sheet.
How do you think this ends?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
