This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
This evaluation is by Bloomberg Intelligence Senior Trade Analyst Kevin P. Tynan and Bloomberg Intelligence Senior Affiliate Analyst Andreas Krohn. It appeared first on the Bloomberg Terminal.
Lucid and Rivian lose greater than $200,000 on each EV they promote, whereas Tesla’s bloated provide suggests its worth cuts are a requirement drawback, not a seize for market share. Ford’s F-150 Lightning and EVs from Hyundai and Volkswagen promote for document costs, and truck- and SUV-heavy lineups give them the range to experience out the pause in EV demand amid excessive rates of interest and a slowing economic system.
Lucid, Rivian can’t cowl COGS or ship all they construct
Lucid and Rivian are burning money and want to attain manufacturing scale to generate fixed-cost protection — a frightening process at a time when demand is weak and each unit offered loses cash on the gross revenue line. In 2022, Lucid’s 4,369 deliveries averaged $139,000 per unit in income, whereas price of products offered (COGS) was $376,000 for every. Rivian’s state of affairs is analogous, with a $235,000 per unit shortfall reported on the gross revenue line. The 2 corporations’ manufacturing additionally outpaced deliveries — an ominous signal that demand has paused early within the manufacturing ramp-up.
In 2022, Lucid produced 7,180 automobiles and delivered 4,369 or 61% of the output. Rivian, which delivered vans to Amazon.com, constructed a complete of 24,337 automobiles and put 20,332 in buyer arms, an 83.5% conversion of manufacturing to deliveries.
Tesla worth cuts don’t shrink swollen stock
Bloating stock led Tesla to chop costs in 1Q, although the motion was ineffective as the corporate’s provide glut rose above 92,000 items — 24% above the year-end complete and 559% larger yr over yr. Manufacturing outpaced deliveries for the fourth consecutive quarter, by 17,933 automobiles, even after reducing costs twice and sacrificing margin. The value warfare that Tesla is credited with beginning by no means materialized. Ford was the one automaker to announce a worth minimize and on just one nameplate — the Mustang Mach-E. Transaction costs for Ford F-150 Lightning have been a document excessive above $84,000 in 1Q; battery-only automobiles (BEVs) from Hyundai and VW additionally offered at document costs.
Whole BEV unit gross sales at Ford rose 41% in 1Q on elevated quantity of Lightning and E-Transit vans. Mustang Mach-E deliveries fell 20%.
Ford slams brakes on Mach-E after worth minimize
Ford was the one automaker to react to Tesla’s sudden and dramatic worth cuts. Although Tesla lowered the sticker on all fashions, Ford took down the MSRP of just one EV nameplate — F-150 Lightning was untouched — as transaction costs of inside combustion automobiles proceed to rise to document highs. Ford mentioned it might attain annualized EV manufacturing of fifty,000 items every week — from 12,000 on the finish of 2022 — by year-end. Ford has shunned further worth actions after Tesla lowered them a second time (and could also be on the verge of a 3rd given disappointing 1Q deliveries) and as a substitute diminished Mach-E output to align provide with demand.
In January, Ford didn’t produce a single Mach-E and made solely 360 in February. In the identical interval in 2022, Ford had already constructed 10,799 of the electrical SUV.
