Unfortunately, Bolt's volume will be very limited, still a compliance car ...
Last week Tesla's quarterly conference call, Elon Musk talked about the Bolt, he said:
"Like, for example, the federal tax credit and then that caps out of the 200,000, the CARB credits, which, because the CARB rules are relatively weak, we can sell – there are some quarters where we can't even sell CARB credits. And when we can, it's maybe $0.50 on a dollar or something like that, whereas the other car companies get to fully absorb the value of the CARB credit. So just for example gives GM roughly – from my count, $7,000 to $10,000 advantage over Tesla for their Chevy Bolt.
That's why you shouldn't ask like why, well, GM appears to be losing $10,000 a car on the Bolt. No, they're not. They are making it up on CARB credits. But they get the full retail value of the CARB credit, whereas we get the wholesale value when we're lucky. But the CARB credits are only effective at a production rate of about 20,000 to 30,000 vehicles a year. So that's why you'll see, mark my words, it's not going to be any higher than that for the Chevy Bolt. That's on order of 25,000 units a year"
So, from this we conclude with certainty that 1) GM is probably losing about $7,000-10,000 per Bolt, and 2) Bolt is a compliance car, GM has no intention of selling it in volume like the Model 3. (e.g. LG Chem and GM are not building huge battery factories)
Given current global warming issues, I say GM's Mary Barra is not doing enough.
Conference call ranscript here:
https://seekingalpha.com/article/4068889-tesla-tsla-q1-2017-results-earnings-call-transcript?part=single
Audio here:
http://ir.tesla.com/events.cfm
Mary Barra: https://en.wikipedia.org/wiki/Mary_Barra
Last week Tesla's quarterly conference call, Elon Musk talked about the Bolt, he said:
"Like, for example, the federal tax credit and then that caps out of the 200,000, the CARB credits, which, because the CARB rules are relatively weak, we can sell – there are some quarters where we can't even sell CARB credits. And when we can, it's maybe $0.50 on a dollar or something like that, whereas the other car companies get to fully absorb the value of the CARB credit. So just for example gives GM roughly – from my count, $7,000 to $10,000 advantage over Tesla for their Chevy Bolt.
That's why you shouldn't ask like why, well, GM appears to be losing $10,000 a car on the Bolt. No, they're not. They are making it up on CARB credits. But they get the full retail value of the CARB credit, whereas we get the wholesale value when we're lucky. But the CARB credits are only effective at a production rate of about 20,000 to 30,000 vehicles a year. So that's why you'll see, mark my words, it's not going to be any higher than that for the Chevy Bolt. That's on order of 25,000 units a year"
So, from this we conclude with certainty that 1) GM is probably losing about $7,000-10,000 per Bolt, and 2) Bolt is a compliance car, GM has no intention of selling it in volume like the Model 3. (e.g. LG Chem and GM are not building huge battery factories)
Given current global warming issues, I say GM's Mary Barra is not doing enough.
Conference call ranscript here:
https://seekingalpha.com/article/4068889-tesla-tsla-q1-2017-results-earnings-call-transcript?part=single
Audio here:
http://ir.tesla.com/events.cfm
Mary Barra: https://en.wikipedia.org/wiki/Mary_Barra