moonbattery logo

Nov 12 2023

Lucid Loses $430,000 for Every EV Sold

A coercion-based economy run by corruptocrats and deranged ideologues makes possible marvels of lunacy and waste. In a free country, few if any electric vehicles would be produced, since they are not worth the money it takes to manufacture them. In contrast, in the USSA,

Lucid, the California-based electric vehicle company that makes the Air Sedan, lost over $430,000 for every car it sold in the third quarter of this year, according to the firm’s latest financial report.

Last quarter was even worse. Lucid lost $544,000 for every vehicle sold in Q2.

Ford only loses $60,000 for every ideologically correct electric moonbatmobile sold. But give the federal government time to finish absorbing Detroit and no doubt in will manage to compete with Lucid.

You can see why Democrats are giving up on extravagant subsidies and have introduced straightforward bans on real cars.

On a tip from R F.


YOUR SUPPORT IS APPRECIATED


Donations buy time to produce more content. If you enjoy this site, please consider donating through Cash App to $moonbattery or through PayPal by clicking the button below:



Comments are closed.


HostingMatters.gif

Alibi3col theme by Themocracy