Do you know how modern accounting works? You can amortize and depreciate big up front investments over a time line of your own choosing. So yeah - big upfront costs to move to a new manufacturing process depreciated and amortized over a short amount of time combined with a weak ass product and minimal sales and you get those big kind of losses. It’s not rocket science.
Ford lost $36000.00 on every EV sold last quarter!
Do you know how modern accounting works? You can amortize and depreciate big up front investments over a time line of your own choosing. So yeah - big upfront costs to move to a new manufacturing process depreciated and amortized over a short amount of time combined with a weak ass product and minimal sales and you get those big kind of losses. It’s not rocket science.
Is it sustainable? People haven’t bought into the whole EV green agenda!