Earlier on Webirix we talked about the real cost of a Tesla and its daily electricity charge. Bottom line: while the car is up to 2 times more expensive than others in simulated ranges (an Audio A4 petrol versus a Model 3), recharging electricity is ridiculously inexpensive.
In this context, does Tesla have a profitable business? Apparently not, although it would be expected if we take into account the very low profit margins of the automotive industry, and that its economic model (the Model 3) in any way alienates the bulk of consumers due to its prohibitive price.
Elon Musk himself tends to threaten on Twitter that he has enough investor money left just to sustain Tesla for a few months.
Now it is revealed that Fiat Chrysler together with General Motors, are another source of variable income for Tesla since they have to acquire a kind of ecological bonds to compensate the damage that their conventional vehicles cause to the environment, regarding the love of the United States for SUVs .
Tesla has a secret source of cash: GM and Fiat Chrysler.
Read more on @business: https://t.co/TkM8rb9tH5 pic.twitter.com/GwRZerVSql
- TicToc by Bloomberg (@tictoc) June 4, 2019
Although later of the news in BloombergThere was controversy over the commercial deal between rivals (such as GM) and their philosophy, the truth is that it is an indicator that the investigations of veteran companies in terms of electric cars are far from reaching the level of Tesla. So much so that, for example, the Chevy Bolt doesn't give you enough green bonuses. And Tesla has too many for one simple reason: They are only dedicated to electrical products, and they have several benefits from using solar panels in their initiatives.
TO SEE
Although Fiat has just teamed up with Renault (recently separated from Nissan) to invest in future issues (driverless cars and electric autonomy), GM goes years behind Tesla with its Bolt project:
[…] The ironic constant inflow of money for Tesla? GM and Fiat Chrysler payments […]