Electric Vehicles Are Better for Wall Street Than Detroit

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Heard on the Street: Get ready for a wave of luxury electric SUVs to hit your local dealerships

Tesla’s troubles show how hard it is to make money from electric vehicles. As the world’s top auto makers ramp up EV sales over the coming years, their profits will come under immense strain. A wave of deal-making is one likely consequence.

This month, Audi’s e-tron—an all-electric sport-utility vehicle with a starting price of $74,800, a bit cheaper than Tesla’s Model X SUV—comes to U.S. showrooms. It will be joined early next year by an electric SUV from Mercedes-Benz and, for those on a tighter budget, an electric MINI...

 

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Drive that car down my street, where it costs more than the houses, and people might throw rocks at it. Stinking rich.

Electric cars r great idea, but still held back by need to 'fill up' after relatively short usage & filling up takes pretty long time. Benefits to environment are BIG. environment Sustainability electriccars cars vehicles tech technology luxurycars future driving

Hmm, are we selling out a part of our less fortunate people, or is there no way to build them there?

Who is going to buy these 'dead on arrivals'?

PerrettReport They will probably work OK in cities with abundant cheap power and huge disposable income, which rules out most of the world.

When gas tax revenues dry up, the electric cars will be taxed to offset the loss

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