Disruptive:
- EVs: link here. Scorecard.
- graphite
- not for me. "Energy transition is dead" is followed here.
- EVs charging.
Add Genesis EV70 -- 2023.
Genesis Motor, LLC, commonly referred to as Genesis is the luxury vehicle division of the South Korean vehicle manufacturer Hyundai Motor Company.
Rivian:
- stock is 86% below peak;
- 25,000 EV target falls short;
- Forbes, July 7, 2022
- reported $95 million in revenue for the March 2022-ending quarter
- a whopping net let loss of $1.6 billion
- estimate: 25,000 EVs in 2022
- one quarter: 6,250 vehicles per quarter
- a net loss of $1.6 billion
- losing $256,000 per car -- yeah, that sounds about right
- which begs the question: how does one lose a quarter-of-a- million dollars per car?
- and, yes, I get it.
GM, link here.
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