Thoughts while reading the auto section of the paper….Two headlines of note: Tesla May Lose Electric-Car Lead; and Electric Cars Still Unprofitable. Experienced manufacturers (GM, Ford, Daimler, Honda, etc) are expected to lead the way into the affordable era with a new generation of cars which are about to be introduced. Profits have been elusive (Tesla has posted a loss of $550 million so far) and sales have been helped a tax credit of $7500 which is evaporating. Is there enough momentum and demand for the electric car industry to stand on its own?
Is Tesla Losing Money Each Time It Sells a Car? (TSLA)
Discover the plight of Tesla Motors Inc., including the challenges the electric vehicle manufacturer faces as it seeks to sell 500,000 vehicles by 2018.
INVESTOPEDIA.COM|BY THOM TRACY