there's enough competition in the EV sector for margins to remain fairly low. o ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		pascalxus on March 21, 2024 \| parent \| context \| favorite \| on: Electric car battery prices are going back down fa... there's enough competition in the EV sector for margins to remain fairly low. o saw a chart once. Tesla is the only one with big margins, i remember.

reducesuffering on March 21, 2024 [–]

Margins aren't just low, many times they're negative! Rivian is losing something like 30% of the sales price each car. Tesla's margins used to be some of the best in the entire auto industry at like 25%, but are slimming down to 17% now.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact