UBS: GM Probably Loses About $7,400 Per Chevrolet Bolt EV
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According to a complete teardown analysis of the new Chevrolet Bolt EV commissioned by financial services company UBS, General Motors could be losing about $7,400 per unit sale.
That’s assuming that General Motors sells roughly 30,000 units per year, says UBS analyst Colin Langan, meaning relatively few sales for General Motors to spread its research and development costs over. But “the big driver” that could help combat GM’s Bolt EV losses in the future is battery cost, he says. “Battery costs are going from, you know, over $200 per kilowatt-hour today, and we estimate it will be around $130 per kilowatt-hour” by 2025.
Some components in the powertrain could also become less costly in the future, Langan says: “We also assume there are certain components – and that was part of our expert analysis – that have a good step function coming down on the EV powertrain that will also help.” UBS estimates that the Chevrolet Bolt EV’s powertrain today contributes about a $9,000 cost premium, but that by 2025, it would only represent about another $3,000 to $4,000 versus a comparable gasoline powertrain.
In the Bloomberg video above, Colin Langan talks to the outlet about the Chevrolet Bolt EV, as well as one of its biggest forthcoming competitors: Tesla Motors’ $35,000 Model 3. That car is expected to offer a battery-electric range similar to that achieved by the Bolt, while only losing Tesla an estimated $2,800 per unit.
Click play to get the full scoop.
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$2.8K*500,000=$1.4B … that is how much tesla is going to lose if the model 3 is a huge success?
Steve, when and if Tesla ever builds the 500,000. Remember Musk is building semi’s and tunnels at the same time. Maybe he is using the semi’s to haul the dirt out of the tunnels. He has our terrible media juicing the Stock daily.
Easy for UBS to cook up that GM is losing $7,400 on each Bolt sold, while Tesla will only lose $2,800 per Model 3.
GM does have much more leverage with it’s suppliers to obtain pricing concessions for the Bolt.
Soif like idiot Bloomberg predicts,and the cost of batteries is cut in half by 2025 ( that’s a long shot) then 9000/2=4500$ off of 7000, so gm’s will still be in the tank 2500/unit, welcome to our “sustainable energy”. That’s why the government wants it sooooo bad. No auto company can afford it so they will take over industry. Man, hitler should of just been an environmentalist!
It’s “should have”.
Here’s an example, “You should have gotten off the Crazy Train earlier, but now it’s too late.”
Lets see if I got this right. GM will lose $7400 on eachh Bolt and Tesla will only lose $24000 and charge $2500 less per vehicle. Sounds like flawed math to me. I find it hard to believe that GM is that much less efficient.
So $2,800 on the Model 3 loss and $7,400 on the Chev Bolt. Just more media and Analysts Fake news. The last quarter per vehicle sold Tesla lost over $15,000 per vehicle sold. These vehicle sold from $70.000 to over $100,000. Now they are only going to loss $2,800 on a $35,000 dollar vehicle. Watching the media juice Tesla stock is sickening, and making ano.ther stock Bubble