If I understood the article correctly, they’re not actually losing money on each sale though. Their vehicles have a profit margin of 23%. The loss comes from the initial costs of building the factory and tooling to produce these vehicles.
It’s news because these two mean girls are in charge of the two largest nuclear weapon stockpiles in the world.
Sure, but for a number of customers (and increasing year over year), that’s not an option. I’m not choosing between an ICE Honda and all the other non-Honda. I’m choosing between an electric Honda or an electric non-Honda.
If they don’t want my money at all, then sure. But this is the sort of decision making that killed Sears and Blockbuster. Society is moving in a particular direction. They can keep up with the trends, or die.
Drive forward, drive forward, reverse, reverse, left blinker, right blinker, left blinker, right blinker, Brake pedal, Accelerator pedal, honk.
Revenue is a useless metric.
It’s about 1.4% of their annual profit.
That seems reasonable given this is only about users in Texas. If this same result were applied to all users and jurisdictions worldwide, we’d be looking at about 200-300% of their annual profit.
Every thread where you see “ceo of failing company gets $3M bonus” followed by “those workers could have used that” ignores the fact that there are so many employees that, divided evenly, it’s never more than $5, and frequently less than a dollar.
Yes, that’s technically better than nothing. And I agree the CEO doesn’t deserve a bonus if their company is failing. But focusing on this is missing the bigger picture of the lack of workers’ rights in America, and paints a target on the wrong people (CEOs instead of the government).
The system is designed in such a way that the residents get to make that decision. If they want to choose a non resident to represent them, they are allowed to do that.
In theory, an informed population should vote against this behaviour, but this particular riding will vote conservative until it kills them (which it’s likely to do).
Also, don’t concentrate people in a single place. It’s wrong to have a 4% population growth in Toronto and 0.5% elsewhere.
Is there a mechanism for anchoring immigrants in a specific location? My understanding is that our charter right of freedom of movement means that if everyone wants to go to Toronto, we can’t stop them once they’re in the country.
Did you read the article, or are you just complaining about the headline?
“$X per Y” is a very normal way of phrasing things in financial reports. Like, Xiaomi had an earnings per share of $0.15. That doesn’t mean that the shares are what earned them that money.
Losing $900 per car is just a shorthand way of saying “Xiaomi Group released its Q1 2025 financial report yesterday. The report shows significant progress in its electric vehicle business, with 75,869 SU7 series vehicles delivered during the quarter. The company announced plans to expand production capacity, with cumulative deliveries of the SU7 series now exceeding 258,000 units. In the first quarter of 2025, Xiaomi’s smart electric vehicle and AI innovation business segment generated total revenue of 18.6 billion yuan (2.58 billion USD). Electric vehicle sales accounted for 18.1 billion yuan(2.51 billion USD), while other related businesses contributed 500 million yuan (70 million USD). The smart electric vehicle and AI segment reported a gross profit margin of 23.2% for the quarter, with an operating loss of 500 million yuan (70 million USD). Based on these figures, Xiaomi’s electric vehicle business posted an average loss of 6,500 yuan (903 USD) per vehicle in Q1 2025, a substantial improvement from 2024 when the company’s EV division recorded a net loss of 6.2 billion yuan (862 million USD) on 136,854 delivered vehicles, representing an average loss of approximately 45,000 yuan (6,250 USD) per unit” which is a bit wordy for a headline.