Quote:
Originally Posted by Martinjlm
It’s all good. I’m not trying to be contentious, but I’m working from a slide that was shown during the review where GM pointed out their break even timing for their EV investments. It pretty much illustrates that spending is delayed, not cut. If I can find it again I’ll post it up. Now, the pullback on Cruise autonomous vehicle unit is another story. That funding may or may not ever find its way back.
***EDIT*** That didn’t take long. Found it. I don’t know how the writer of the article got shifting of funds from EV to buy stock from a presentation where GM showed the intent to INCREASE volume of Ultium powered vehicles, INCREASE the capacity to manufacture batteries and achieve profitability by getting EV volume to scale.  This chart pretty much says the exact opposite. |
The point is that no one right now - not Tesla, not GM, not Ford, certainly not VW, knows anything about their EV budgets. That chart and $4.50 will get you a cup of coffee at Starbucks.