"a fraction of" is quite the understatement. GM sold ~10 MILLION vehicles. Tesla sold ~0.1 MILLION, or 1/100th!
Musk: Great salesman. Tesla: Least capable automaker?
The auto industry admires Tesla, envies Tesla, and ultimately wants Tesla to succeed. But the Model 3 proves that something the wider industry always suspected is true: Elon Musk is the greatest car salesman who has ever lived — but Tesla is currently one of the least capable automakers on Earth.
Tesla is spending as much as General Motors every quarter — about $1 billion — to produce and sell a fraction of the vehicles that GM does. GM is also turning that invested capital into steady profits, while Tesla in the third-quarter of 2017 posted the biggest loss in its history. GM has a $25-billion war chest. Tesla only has enough cash to operate through 2018.
http://www.businessinsider.com/tesla-model-3-problems-threaten-company-future-musks-job-2018-1
Tesla is spending as much as General Motors every quarter — about $1 billion — to produce and sell a fraction of the vehicles that GM does. GM is also turning that invested capital into steady profits, while Tesla in the third-quarter of 2017 posted the biggest loss in its history. GM has a $25-billion war chest. Tesla only has enough cash to operate through 2018.
http://www.businessinsider.com/tesla-model-3-problems-threaten-company-future-musks-job-2018-1
1 - 1 of 37 Posts
1 - 1 of 37 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
GM Volt Forum
A forum community dedicated to Chevy Volt electric car owners and enthusiasts. Come join the discussion about hybrid performance, modifications, classifieds, troubleshooting, maintenance, reviews, and more!
Full Forum Listing
Recommended Communities
