Forum Discussion
Reisender
Dec 09, 2019Nomad
Dadoffourgirls wrote:Reisender wrote:
Generally speaking I find non EVers to be considerably more offensive on this forum.
I have my doubts that GM will produce any significant amount of EV’s in the next 5 years. They are having difficulty producing 3000 month right now.
Jmho.
Did you see where GM and LG Chem have created a joint venture to build batteries? Each is investing nearly $1 million.
They expect capacity to be 50% more than the Tesla Gigafactory.
GM is investing $3 million to build electric trucks in the Detroit-Hamtramck plant.
Can you please share what a "significant amount" would be? I would like to track progress against your measure.
I have doubts that Tesla will produce any significant profit myself. They haven't produced much in years. I would call significant profit $6 Billion GAAP Profit in a calendar year.
Hard to say. I wish GM well here. There are a ton of families employed all over the world by GM. The ability of GM to modernize will be pivotal to their survival although with GM it’s just a matter of asking for another bail out. Maybe at least shoot for over a quarter million EV’s a year within 5 years.
A random number for me would be a 10 fold number of what they produce right now. To me this would show a move in the right direction.
I don’t expect Tesla to show any significant profit in the next decade. I suspect they will be a lot bigger though.
Jmho.
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