BlazinAzn38@alien.topBtoCars@gearhead.town•Saudi Arabia plans to enter joint ventures to make cheap ICE cars, to undercut EVsEnglish
1·
10 months agoNot only their economy but their global power
Not only their economy but their global power
Every make and model no matter how reliable has ones that get a defective part.
They did that because those were all defective 5800X3Ds so that wouldn’t land with the 5700X.
They don’t have enough showrooms and I don’t think they’ve done any sort of pop ups. Like I think their only showroom is in LA. Then they’ve got some planned for AZ, Maryland, Tennessee, and New York but nothing in Chicago or any Texas metro. Plus there’s probably some brand inertia from all of the previous Fisker companies
You can check financial statements for these recent EV startups to get an idea but Lucid lost $631M in Q3 this year. Their cars cost $470M to make, R&D cost $231M, and business costs were another $190M. They only had $138M in revenue. I think Lucid’s costs are wildly out of scale and probably something fishy is happening behind the scenes but that’s a data point