Title: "Unsustainable Business": Lucid Loses $338,000 Per Vehicle As Tesla Price War Heats Up Source:
[None] URL Source:https://www.zerohedge.com/markets/u ... -vehicle-tesla-price-war-heats Published:Oct 6, 2023 Author:Tyler Durden Post Date:2023-10-06 19:06:49 by Horse Keywords:None Views:348 Comments:3
"Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago... "
I bought an electric lawn tractor several years ago. It was a Ryobi RM480e from Home Depot. I think it was about $4,000 and it was great until it wasn't.
During the second year the batteries started going and early in the third year it had a catastrophic failure (main ECU/motor controller+) and I haven't been able to get it to work since. It had 72 hours on the clock.
I can see the advantage of a small & light electric car, basically a go- kart, for 2 people and a couple bags of groceries just for taking the kid to school a mile away or making a quick run to the grocery store where gas cars are inefficient in barely getting warmed up by the time the trip is over.
But that's about the only real vehicle application advantage I see for electric cars. Nothing heavy duty.