I would agree that the price would drop to $7500 less if there were no tax credit, but...if you are already losing $130,000 on some model (I still cannot wrap my head around that, and wouldn’t believe it except it was Car and Driver I saw it in)...well.
I guess the difference between losing $130,000 and $137,500 on each one sold would be a spit in the wind.
I really cannot fathom this. Are all the shareholders complete and total Leftists, where this kind of loss on each vehicle is okay if it pushes an agenda?
I am not embarrassed at all to say I don’t get it.
Big institutional investors like Blackrock and Vanguard have all the sway. They are heavily into ESG. Ford/GM didn't decide to go all electric back in the day without their nudging. Now it has backfired.