EV Automakers Losing Billions – Except This Stock

Elon Musk’s dream of Electric Vehicle domination is becoming a reality.

Yet almost every automaker is actually losing money on every EV that it sells.

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The Problem: It’s HARD to Make Money from EVs

Every major automaker is rushing to catchup with Tesla. Plus, new automakers such as Rivian (NASDAQ: RIVN) and China’s NIO (NYSE: NIO) are following in Tesla’s footsteps.

However, they’re all actually LOSING money.

Just consider the following:

  • Ford (NYSE: F) produced 61,575 EVs last year. The EV division lost $2.1 billion – or $34,000 on every car. Losses are expected to increase to $3.1 billion this year. Even if Ford produces 100,000 EVs – it’s still losing $31k on every car.
  • General Motors (NYSE: GM) says it’s EV division won’t be profitable until 2025. That may be ambitious – since the auto giant has been slower to achieve its optimistic EV goals.
  • Rivian produced 9,395 EVs in the first quarter of this year. The quarterly net loss was $1.3 billion – or $138k for every EV sold.
  • NIO produced 122,486 EVs last year. The company posted a net loss of $2 billion. That means the company lost over $17,000 on every car sold.

Major automakers have a proven history of successfully producing millions of EVs per year. Yet Ford, GM and every other major automaker is losing money on its EVs.

Meanwhile, EV startups like Rivian and NIO are also losing billions. These companies are copying Tesla’s playbook – yet their more than a decade behind. With small scale production it’s almost impossible for these companies to scale up fast enough to turn a profit.

The rare exception is Tesla (NASDAQ: TSLA).

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The ONLY Profitable EV Automaker

Then there’s Elon Musk and Tesla…

The company is just an absolute monster. Just check out last year’s numbers…

  • 1.37 million EVs produced last year
  • Net income totaled $12.6 billion
  • Profit per EV was $9,197

Tesla is operating with a 15% profit margin.

That’s allowed Tesla to drop its prices several times in 2023.

Tesla’s market share in the U.S. EV market has been falling – as legacy automakers bring models online.

Last year Tesla sold 62% of the EVs in America.

The most shocking thing is that Tesla continues to sell 10-times more EVs than its closest competitor. This chart from CNBC shows how Tesla stacks up against the competition…

So, what’s the best way to profit?

TSLA stock is already up 148% this year.

That’s why I’m NOT buying TSLA stock near a 52-week high. Instead, I’m jumping into…

These 5 hidden stocks to profit from Elon Musk’s Master Plan 3.0.

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