Add Another Tesla Competitor -- July 7, 2022

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.