It seems Sergio Marchionne either didn’t get the memo, or won’t play along. He’s right up there explaining that his company loses $14,000 on each electric 500e they sell
Speaking at a conference in Washington on Wednesday, Marchionne said Tesla Motors Inc was the only company making money on electric cars and that was because of the higher price point for its Model S sedan. Decrying the federal and state mandates that push manufacturers to build electric cars, Marchionne said he hoped to sell the minimum number of 500e cars possible.
“I hope you don’t buy it because every time I sell one it costs me $14,000,” he said to the audience at the Brookings Institution about the 500e. “I’m honest enough to tell you that.”
- he doesn’t go into the carbon credits deal which is a key part of Tesla’s income stream, but no one ever talks about that…