cwerdna
Well-known member
Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense:
http://www.reuters.com/article/us-fiatchrysler-tesla-idUSKCN0XC26B
http://www.reuters.com/article/us-fiatchrysler-tesla-idUSKCN0XC26B
Yep on the hard reality. Let's see if Tesla actually turns consistent profits once Model 3 production has really ramped up. So far, as I've pointed numerous times, they've racked up over $2 billion in net cumulative losses."I am not surprised by the high number of reservations," Marchionne told journalists following a shareholder meeting in Amsterdam, saying he had great respect for Tesla chief executive Elon Musk. "But then the hard reality comes in ... making cars, selling them and making money doing so."
Marchionne said he did not understand how the Model 3, Tesla's first mass-market car, could be sold for 35,000 euros ($39,600) at a profit.
"If he can show me that it can be done, I will do it as well, copy him, add Italian style to it and put it on the market within 12 months," he added.