Gold Member BOHICA Posted January 20, 2023 Gold Member Share Posted January 20, 2023 https://www.reuters.com/business/autos-transportation/tesla-uses-its-profits-weapon-an-ev-price-war-2023-01-19/ Looks like Tesla is throwing its auto manufacturing advantage around and taking out the smaller players like Toyota and Gm out of the EV game. Quote Link to comment Share on other sites More sharing options...
Voodoo Posted January 20, 2023 Share Posted January 20, 2023 Tesla doesn’t have the jack boot of government on it’s neck like GM does. ICE manufacturers are forced to sell some things at a loss to offset the regulations government arbitrarily sets upon them, Far from a free market competition. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted January 20, 2023 Platinum Contributing Member Share Posted January 20, 2023 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 20, 2023 Share Posted January 20, 2023 Toyota has something other than EV’s up their sleeve. They know it’s not a practical solution. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted January 20, 2023 Platinum Contributing Member Share Posted January 20, 2023 6 minutes ago, Voodoo said: Tesla doesn’t have the jack boot of government on it’s neck like GM does. ICE manufacturers are forced to sell some things at a loss to offset the regulations government arbitrarily sets upon them, Far from a free market competition. I don't think regulations are the only thing on the neck of ICE auto companies. Legacy cost being the biggest. https://khn.org/morning-breakout/dr00029574/#:~:text=According to the Times%2C GM,%2487 billion in pension obligations. According to the Times, GM has "ample financial reserves" to fund this year's health care costs but must find a way to address so-called "legacy costs" -- $60 billion in retiree health benefits and $87 billion in pension obligations. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 20, 2023 Author Gold Member Share Posted January 20, 2023 They all have known the regulations as they have had ample time to meet them. They have been he same and well known for decades….. besides the little bump of false hope Trump gave them. Quote Link to comment Share on other sites More sharing options...
Voodoo Posted January 20, 2023 Share Posted January 20, 2023 7 minutes ago, Highmark said: I don't think regulations are the only thing on the neck of ICE auto companies. Legacy cost being the biggest. https://khn.org/morning-breakout/dr00029574/#:~:text=According to the Times%2C GM,%2487 billion in pension obligations. According to the Times, GM has "ample financial reserves" to fund this year's health care costs but must find a way to address so-called "legacy costs" -- $60 billion in retiree health benefits and $87 billion in pension obligations. That is the primary reason GM was worthless and government bailed them out years ago. Yours and our government debts don’t take into consideration legacy costs either. We are even more broke than most realize. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted January 20, 2023 Platinum Contributing Member Share Posted January 20, 2023 2 minutes ago, Voodoo said: That is the primary reason GM was worthless and government bailed them out years ago. Yours and our government debts don’t take into consideration legacy costs either. We are even more broke than most realize. Big time. State and local govts as well. Unfunded liabilities are astronomical. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 20, 2023 Share Posted January 20, 2023 GM goes back to a time when companies found enough worth in its workers to offer a pension. Unfortunately gross mismanagement at GM to make the cheapest product possible fucked that up. Quote Link to comment Share on other sites More sharing options...
Cwhite138 Posted January 20, 2023 Share Posted January 20, 2023 Or is tesla just realizing there is less demand for their old chassis and lowering price to meet the sales targets they didn't this year. Quote Link to comment Share on other sites More sharing options...
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