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    Silverado Confirmed with Hummer SUV and Truck to be built at gm's Factory ZERO Plant

      Mark Reuss today announced Chevrolet will introduce a Silverado electric pickup truck to be built at the company’s Factory ZERO assembly plant in Detroit and Hamtramck, Michigan along with the recently revealed GMC HUMMER EV SUV and truck at Factory ZERO.

    The Green Drive to one million EV's by 2025 with recognized leadership in North America will happen using gm's new Ultium Platform and Silverado's proven capability. GM confirmed today that the Silverado EV Truck will be built at Factory ZERO with a 400 mile gm-estimated range on full charge.

    Today additional confirmation that the Silverado Pickup will come in a full range of Retail and fleet versions as customers have come to expect out of the ice trucks building on 100 years of truck expertise and leadership. This is gm's transiting start to an all-electric future in the light-vehicle space.

    Achieving this leadership has been done by multiple teams in gm which has allowed them to reduce vehicle development time by 50 % to a 26 month cycle. To quote gm president Reuss:  “The vehicles coming from Factory ZERO will change the world, and how the world views electric vehicles,” 

    Offering more options for customers to tailor the truck to their lifestyles, while encouraging people to forge new paths with zero emissions. Hummer EV Truck model 2022 is the first in a line of many EV options and the Hummer EV SUV 2024 model followed quickly by the Silverado.

    2024-GMC-HUMMER-EV-SUV-004.jpg

    This is on top of the Cadillac Lyriq coming first half of 2022, delivering a new standard of Luxury to the world.

    Factory ZERO has grown to 4.5 million square feet as it under goes a renovation and retooling, the largest ever of any gm plant. This is the start of the new revolution of personal transportation taking gm into the next century.

    Based on the EV Optimism gm stock has hit a 52 week high with an after hours trade today 4/6/2021 of $61.92 per share where one year ago the stock was trading at $19.55 per share. This gives gm a market cap of $89.25 Billion compared to a year ago at $29.7 Billion.

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    First-Ever Chevrolet Silverado Electric Pickup and GMC HUMMER EV SUV to be Built at GM's Factory ZERO Plant

    LYRIQ Show Car Leads Cadillac Into Electric Future

    General Motors | GM - Market Capitalization (tradingeconomics.com)

     

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    • Ride share & subscription programs have been tried by numerous brands; consumers don't want them.
    • The vast bulk of Tesla's existence has been "sustaining losses".
    • Stock is only a paper asset. It's a loan that is payable upon demand, with no advance notice or conditions.

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    2 hours ago, balthazar said:

    • Ride share & subscription programs have been tried by numerous brands; consumers don't want them.
    • The vast bulk of Tesla's existence has been "sustaining losses".
    • Stock is only a paper asset. It's a loan that is payable upon demand, with no advance notice or conditions.

    Uber had 6.9 billion rides in 2019.  What if half that many get done by a driverless Tesla at $20 per ride, that is $70 billion of revenue for them.

    Subscription programs failed because they cost too much and the car isn’t shared.  A driverless car could serve 5-10 people per day, meaning it could be cheaper to be driven around in a Model S than to buy a Chevy Trax.  

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    21 hours ago, balthazar said:

    Uber is a taxi service, serving 1 or 2 passengers. It's not technically 'ride-sharing', and Uber doesn't own the vehicles.

    Who owns the so-called 'driverless' Teslas in your scenario?

    Tesla would own the car and sell the rides.  Basically they could earn $350,000 of revenue over 5 years out of a Model 3 rather than sell one for $50,000 and be one and done with the revenue stream.   And most of that is revenue is all profit, they would just pay maintenance of the vehicle, setting up possibly a $250,000 profit margin on a Model 3.

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    15 minutes ago, smk4565 said:

    Basically they could earn $350,000 of revenue over 5 years out of a Model 3

    That works out to $70 grand per year. Except the average Uber driver only makes $29K- might want to recalculate.

    And until the true level 5 driverless tech is ready, tested & approved, Tesla will have to also pay drivers to drive all those unsold Model 3s. 

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    18 hours ago, balthazar said:

    That works out to $70 grand per year. Except the average Uber driver only makes $29K- might want to recalculate.

    And until the true level 5 driverless tech is ready, tested & approved, Tesla will have to also pay drivers to drive all those unsold Model 3s. 

    They can make $50-70 grand per year on a level 5 car.  Tesla will never have drivers.  Uber is another company that loses money, but is worth more than Ford and GM because of the prospect of driverless cars, and then that is where the money is.

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    Where's the evidence for that figure?

    Tesla's cannot drive autonomously right now, no car can or will within 10 years - there has to be a driver. 

    If the car makes about what Uber cars make, and you have to pay a driver salary+benefits, there's no potential to earn anything.

    Fantasy.

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